| In a major decision, the Central Bank of Oman (CBO) yesterday allowed commercial banks operating in the country to open windows offering Islamic banking products. The decision was taken by the CBO board, which met under the chairmanship of Ali bin Mohammed bin Moosa.
However, it is not clear whether the existing banks will have to open exclusive branches for offering Sharia-compliant financial products, or whether they could be offered through the existing branches..............................................Full Article: Source
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