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Islamic Finance Briefing - Categorized | Banking, New Launches more

BankMuscat assigns RO150mln for Islamic banking window

Posted on 21 March 2012

BankMuscat, the flagship financial institution in the Sultanate of Oman, has assigned RO 150 million of capital for its proposed Meethaq Islamic banking window.
The final allocation will be determined by business opportunities in the market and the Board has indicated that the assigned amount may increase if required. The capital allocation will be subject to necessary regulatory approvals………………………………………..Full Article: Source

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


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