Meethaq, a subsidiary of BankMuscat, has launched a Shari’a-based prepaid card for pilgrims performing Hajj or Umrah in Saudi Arabia.
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Launched in association with Visa International, the Meethaq Labbaik card can be loaded up to a maximum of OMR960.
The Shari’a-based card ensures convenience and security, allowing cardholders to either withdraw cash or pay for expenses during Hajj or Umrah.
The card is accepted across the world at Visa merchant outlets, ATMs as well as for online transactions. It can also be used at ROP counters and government departments in Oman.
"Customers are not required to open an account with the bank or maintain a minimum balance to acquire the Labbaik card which can be used any number of times till the specified amount on the card has been spent," said by the bank in a statement.
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By GlobalDataThe card can be reloaded at Meethaq Islamic Banking branches or Cash Deposit Machines (CDMs).
The Meethaq Labbaik card also facilitates the best foreign exchange rates and ensures that cardholders do not lose out on exchange rate fluctuations on transactions in the card currency.
