19.07.2011 - Islamic banking in Oman
Islamic banking is poised to become a key fixture of Omanís financial sector, following the recent announcement that His Majesty Sultan Qaboos bin Said has approved the formation of Omanís first Islamic bank. Last monthís Client Alert provided an introduction to the religious, philosophical and economic principles that underpin Islamic finance. This month, we present an overview of some of the classic Islamic banking structures that are commonly used in jurisdictions where Islamic finance is already well established..............................................Full Article: Source
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