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Zadjali asks Islamic bankers to launch services carefully

Posted on 09 October 2012

HE Hamoud Bin Sangour Al Zadjali, Executive President of Central Bank of Oman, urged all Islamic banks and commercial banks, which plan to set up separate branches to provide Islamic banking service in accordance with Sharia, to be careful and take necessary precaution before implementing the same as these service are new in the Sultanate.
The launching of Islamic banking will be an addition to existing banking service provided by the commercial banks, and this will increase deposit, credit and profitability of banks, he said in an interview to Oman Tribune………………………………………..Full Article: Source

 
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