25.07.2011 - Oman lender sends signals on Islamic finance
Oman International Bank is looking to grab a slice of the US$1 trillion Islamic finance market. That was the reading from analysts yesterday after the bank announced it was considering a "strategic alliance" with another financial institution. "This strategic review will evaluate potential operating models for the future and will consider whether the bank should remain independent, whether it should form a strategic alliance with another leading financial institution or whether it should pursue other different forms of cooperation," the lender said in a filing to the Muscat Securities Market..............................................Full Article: Source
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