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Meethaq
Safe Deposit Lockers
Overview

Now you don’t need to worry for keeping your valuables safe. Meethaq Safe Deposit Locker service provides you complete peace of mind and ensures that your valuables are safe. You have jewelry, important documents, or other valuables just apply for a Locker at Meethaq and keep these precious belongings in a safe way. The service is available at selected branches of Meethaq on first come first served basis.

Safe Deposit Lockers are available in three different sizes Small, Medium and Large to cater to your specific requirement. The access to the Lockers shall be available during Branch Operation hours from 8.00 AM to 2.00 PM.

Shari’a Basis

Safe Deposit Lockers is a ‘service’ provided by Meethaq for the convenience of its customers, against this service the Bank will charge Rental to the customers depending on the size of the Locker. This service is on Ijarah basis.

  • Lockers available in three different sizes, Small, Medium and Large.
  • Flexibility to pay Rental on a Monthly or Annual basis (other payment frequencies are also available).
  • Safe access to the Lockers during Branch Operation timings from Sunday to Thursday 8:00 AM to 2:00 PM.
  • You can assign up to 4 other persons (18 years or above) to access the Locker based on your one time authorization at the time of opening of Locker.
  • Complete maintenance of log / record for Locker visits, available for the customer information if required.
  • The Lockers can be rented for shorter periods as well like 3 months, 6 months etc.
  • Auto renewal of the facility available so you don’t need to worry for the regular renewals.
  • Locker insurance has to be arranged by the customer themselves.
  • You can vacate the Locker by providing a one month notice to your respective Branch.
  • Locker service is available on first come first serve basis; even if you are a certain branch customer where the service is not available you can apply for the service at another branch.
  • Lockers are available in the following branches*:
    • o Ghubra Islamic Branch
    • o Nizwa Islamic Branch
    • o Ibra Islamic Branch
    • o Salalah Islamic Branch
    • o Sohar Islamic Branch
    • o Buraimi Islamic Branch
    • o Khoudh Islamic Branch

    * The service will be available at other Branches in the future.

To avail the Locker service you need to have a Current or Savings account with Meethaq, if you do not have one you need to open one with Meethaq. You need to sufficiently fund this account for the Bank to recover the periodic rental applicable for the Locker service based on the type of Locker occupied. All assigned individuals who will access the Locker should be major i.e. should be 18 years or above age.

Meethaq Safe Deposit Lockers rentals vary based on Locker size and Rental Tenor (1 Month, 3 Months, 6 Months or 1 Year) Flexible payment options are available for the Locker Rental like Monthly, Quarterly, Semi Annual or Annual payment. The following branches are offering this facility.

in Riyal Omani Monthly 3 Months 6 Months Yearly
Small 4 17 8 50
Medium 7 27 13 80
Large 10 40 20 120

Security Deposit

(Refundable, at the time the customer vacates the Locker)
RO 100 (applicable for all sizes)

In case of lost locker key RO 50 will be charged to replace the lock and provide a new key.


Delayed Rental Payment (Daily charge of 1% of the outstanding Rental fee) 1 % per day
Locker Surrendered within 3 months 6 months
Locker Surrendered after 3 months Full Rent

Surrendered by the customer at the insistence of the bank (Rent is to be charged for the actual period for which the locker was used and the balance amount can be refunded)


How is Meethaq Locker Facility Islamic?
Is there any Takaful coverage for the locker service at Meethaq?
Who is eligible to rent a locker?
How many lockers one customer can apply for?
What is the procedure for applying for a Safe Deposit Locker?
Which branches have the Safe Deposit locker facilities?
Is there a joint facility with a family member or other person to operate the Safe Deposit Locker?
What are the timings to operate the Safe Deposit locker?
What is the charge to be paid in case the customer loses the locker key?
What is the initial security deposit of RO 100?
To know more