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Meethaq gets CMA's nod to establish the first ever Sukuk Program in the Sultanate

d-Meethaq Islamic Banking, the pioneer of Islamic Banking in Oman has received CMA's initial approval to establish the first Sukuk Program in the Sultanate. Speaking on this occasion, the Deputy CEO of Meethaq Islamic Banking, Mr. Sulaiman Al Harthy said: "Under the OMR 100 million Program, Meethaq will issue Sukuk certificates in various tranches from time to time, to fund its growth plans and the expansion of Islamic banking services across the Sultanate. Meethaq also plans to do what will be the first ever Retail Sukuk issuance in Oman, thus offering Sharia compliant investment opportunity to the small investors and transforming the landscape of Islamic Banking in Oman."

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