17.05.2011 - Oman gives green light to standalone Islamic bank
Omanís central bank has given approval to establish the sultanateís first standalone Islamic bank, in a bid to grab a share of the rapidly growing Sharia-compliant banking industry. In a statement to Omanís state-run news agency, the central bank said it had agreed to the establishment of Bank Nizwa, adding "it will consider any application to open windows for the Islamic banking by any bank operating in the Sultanate wishing to provide such services.Ē.............................................Full Article: Source
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