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

Islamic banks to open in Oman in 2012

Posted on 05 September 2011

While Islamic banking is evolving and maturing elsewhere in the Muslim world, it is preparing to take its first steps in Oman, the only GCC state that without a sharia-compliant banking sector.
That should change in 2012, as a new legal framework regulating the industry - estimated by PwC to be worth $1,000bn globally and to be growing by 15-20 per cent per year - is introduced under the orders of Oman’s ruler, Sultan Qaboos……………………………………….Full Article: Source

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


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