Fri, Apr 25, 2014
A A A
Welcome bhaimia
RSS

Islamic Finance Briefing - Categorized | Banking, Compliance, Tax, Legal, Regulatory more

Central Bank of Oman approves Bank Nizwa

Posted on 20 May 2011

Islamic banking takes a step closer to reality in Oman with approval from the central bank to establish Bank Nizwa to provide Shari’ah-compliant banking services inside the Sultanate.
A statement from the Central Bank of Oman (CBO) reported the approval for Bank Nizwa and went on to say that the CBO ‘will consider any application to open windows for Islamic banking by any bank operating in the Sultanate wishing to provide such services. This will be governed by the regulations stipulated in the Banking Law, as well as, the related CBO bylaws’……………………………………….Full Article: Source

 
Article link

This post was written by:

Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


Contact the author

Comments are closed.

banner
banner
April 2014
M T W T F S S
« May    
 123456
78910111213
14151617181920
21222324252627
282930