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Oman’s welcomed U-turn in Islamic banking policy

Posted on 23 May 2011

Oman has finally succumbed to the demand dynamics of Islamic banking, oft quoted even by central bankers and the World Bank Group, as the fastest growing component of the global financial system.
Earlier in May, Oman’s absolute ruler, Sultan Qaboos, issued a royal decree paving the way for the authorization of the country’s first standalone Islamic bank and for other interested banks to set up dedicated Islamic banking windows……………………………………….Full Article: Source

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


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