MEETHAQ LAUNCHES SAVINGS AND INVESTMENT AWARENESS PROGRAMME FOR SCHOOLCHILDREN

MUSCAT: Meethaq, the Islamic banking arm of Bank Muscat, on Monday launched the ‘Little Investor’ programme in collaboration with the Ministry of Education.

The announcement regarding the savings and investment awareness programme was made at a press conference held at the Bank Muscat head office.

The programme is part of Meethaq’s strategies to promote Islamic banking concepts in society, with particular emphasis on children and youth.

The Happy Family Centre for Family and Educational Consultancy will be responsible for the first phase of the programme to be introduced in three schools. More schools will be covered in the upcoming period in various governorates of the sultanate.

Sulaiman al Harthy, group general manager, Islamic banking, Bank Muscat, said, “Following on the success of Oman’s first Shari’a based children’s savings account, Meethaq is proud to take the lead in launching a special savings and investment awareness programme for children. The ‘Little Investor’ programme is aimed at promoting and disseminating the basic concepts of financial planning and saving among families, and students during various stages of their schooling.

“By launching this programme, Meethaq Islamic banking aims to realise a number of objectives, most importantly to familiarise participants with the fundamentals of financial planning and money management as well as scientific methods to be followed in financial planning, saving and maintaining proper financial records, with the ultimate goal being to utilise this knowledge to develop prudent financial habits.”

Harthy added, “The ‘Little Investor’ programme focuses on instilling Islamic values and norms relating to finance in students as well as other relevant objectives in cooperation with the organisations and schools participating in the programme which includes recreational activities, training workshops, dialogue and discussions. The programme reiterates our commitment to maintain the leadership role in Islamic banking with innovative products and services.”

Aisha al Harthy, chairperson of Happy Family Centre for Family and Educational Consultancy, made a presentation highlighting the key aspects of the programme. The event also saw a get-together of students, parents and school representatives where they were introduced to the programme.

SOURCE: MUSCAT DAILY