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In implementation of the directives of His Majesty Sultan Qaboos, the Central Bank of Oman (CBO) Board of Governors yesterday approved the establishment of Islamic banks in the Sultanate to operate on the basics of the Islamic Sharia.
The Board also agreed to allow the banks operating in the Sultanate to open branches through which they can practise Islamic banking activities……………………………………….Full Article: Source
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Islamic Finance Briefing - Categorized | Banking, Compliance, Tax, Legal, Regulatory more
Islamic banking gets CBO’s nod
| Posted on 30 May 2011 |
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