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NBO EGM approves appointment of Shariah Supervisory Board

Posted on 25 June 2012

Shareholders of National Bank of Oman have approved the Board of Directors’ recommendation for the appointment of the Fatwa and Sharia Supervisory Board for the Bank’s Islamic Banking Services.
The approval came at NBO’s Extraordinary General Meeting (EGM) held at the Crowne Plaza Muscat recently. Attendees also approved the Board’s proposal to amend certain articles in the Bank’s Articles of Association including the incorporation of Islamic Banking activities in compliance of Sharia Law, through the establishment of an Islamic Banking Window………………………………………..Full Article: Source

 
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