Oman’s Bank Dhofar has selected IFS, a subsidiary of Dubai-based Mawarid Finance, as consultancy and product implementation partner for Shariah-compliant products for both corporate and individual customers of the bank, said a press statement.
The agreement was signed at Bank Dhofar by Rehab Lootah, IFS Managing Director, and Tony Mahoney, Chief Executive Officer, Bank Dhofar. The project shall be launched in two phases, the first one shall include products for individuals and the second phase includes products for corporates and individuals………………………………………..Full Article: Source