Middle East Economic Survey
VOL. LIV
No 21
23-May-2011
oman
Oman Approves Setting Up Of Standalone Islamic Bank
The Central Bank of Oman (CBO) announced on 15 May that, in a bid to secure a share of the rapidly growing Shari'a-compliant banking industry, it had given the green light to establish the countrys first standalone Islamic bank. A CBO statement said that it had agreed to the establishment of Bank Nizwa and would consider any application to open branches for Islamic banking by any...
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