BankMuscat is embarking on a unique Corporate Social Responsibility (CSR) initiative as part of policies aimed at contributing to sustainable development and benefiting communities across Oman, especially youth, to develop a sporting nation.
Shaikh Saad bin Mohammed al Saadi, Minister of Sports Affairs, will preside at the launch of BankMuscat Green Sports initiative today at the bank’s head office, in the presence of dignitaries and senior government and private sector officials.
Early this year, BankMuscat launched an innovative CSR initiative involving the 3000-strong employees. The new CSR strategy is the first of its kind in Oman and the region to engage all staff in making a big difference in giving back to society. As the leading bank in the Sultanate, BankMuscat is at the forefront to contribute to society and thereby set a fine example for the banking sector to develop social work as corporate culture.
BankMuscat is the first Omani bank to establish a full-fledged CSR department. Considered among core values, the CSR policy stems from the bank’s strong belief in the importance of social responsibility.
It reflects the Bank’s concern and care for various segments of society. The bank is of the view that its social responsibility is not merely participation in charitable works and organisation of voluntary campaigns, but responsibility towards all-round development of society.
BankMuscat focuses on all types of projects that fall within the framework of social responsibility.
The prime consideration includes the benefit reaching the largest number of individuals; the youth and job-seekers and provision of opportunities for the development of skills/human capital. Efforts are also targeted at individuals with special needs to enhance their capabilities with the aim of integrating them into mainstream society.
Meanwhile, BankMuscat’s Meethaq Islamic Banking, in association with International Islamic Financial Market (IIFM), yesterday concluded a 2-day workshop on the ‘Islamic Liquidity Management and Capital Market’.
Patronised by the Central Bank of Oman (CBO) and Capital Market Authority, the 2-day workshop at BankMuscat head office was attended by representatives of reputed global Islamic finance organisations and banks.
The workshop focused on topics ranging from ‘Role of regulators and standard setting bodies’ to ‘Trends in global Sukuk Markets’, designed to be practical with ideas and solutions, experiences and examples to encourage participation and exchange of information.