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Islamic banking to boost loan growth in Oman-NBK capital

Posted on 27 March 2012

The introduction of Islamic banking in Oman will lead to loan growth of 15 percent this year, NBK Capital said and upgraded the sultanate’s largest lenders, Bank Muscat SAOG and National Bank of Oman.
Oman reversed its secular approach to finance last year after seeing a steady trickle of investment flow to nearby countries with well-established Islamic banking………………………………………..Full Article: Source

 
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