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Oman gears up for Islamic finance

Posted on 19 December 2011

Executive President of the Sultanate of Oman predicts rapid growth for Islamic finance in the Sultanate as the Central Bank develops rules and regulations. HE Hamoud Bin Sangour Al Zadjali, Executive President of the Central Bank of Oman, was speaking at the Oman Islamic Economic Forum, which took place in Muscat on 17 and 18 December.
He said, “These banks need to follow assorted accounting standards in certain cases that are acceptable by the parties who are trading in the stock markets and are in line with international standards………………………………………..Full Article: Source

 
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