Capitalising on the modern business mantra of Islamic Banking, more and more banks are coming up with their Islamic windows, according to the Central Bank of Oman (CBO). However, the number of full-fledged Islamic banking bodies will be confined to just two key players, as is said by Hamood Sangour al Zadjali, Executive President of the CBO.
“We have given permission to two full-fledged banks to operate in the country, which are Bank Nizwa and Alizz Islamic Bank. The earlier one has already begun operations while the latter is in the process of opening their offices in the country.”……………………………………….Full Article: Source