Following the huge response to the initial public offering (IPO) of Bank Nizwa, the Muscat Securities Market (MSM) expects the launch of Islamic banking and the listing of banks and their products to add value to the bourse and boost activity in Oman’s capital market.
Speaking to Muscat Daily on the sidelines of the Oman Islamic Banking and Finance Conference on Tuesday, Ahmed Saleh al Marhoon, MSM director general, said a large segment of Omanis would prefer to deal with Sharia-compliant banks rather than conventional banks………………………………………..Full Article: Source