There are many observers watching closely to see how the Omani Islamic banking market will shape up. This week news surfaced that Alizz Islamic Bank, the second Islamic bank to be contemplated in Oman since the change in law that permitted Islamic banks to operate in the Sultanate, hopes to launch a domestic initial public offering (IPO) on the local Muscat Securities Market by next week.
Alizz Islamic Bank wishes to be the bank of choice for corporates, individuals and businesses in Oman. Oman’s Capital Market Authority has already given approval for the IPO through public subscription………………………………………..Full Article: Source