05.12.2011 - Oman Arab Bank geared up to roll out Islamic banking products
Oman Arab Bank (OAB) is fully geared up to roll out Islamic banking products, once the regulatory framework is in place. "We have prepared our plan (for opening Islamic banking windows) and are waiting for the Central Bank of Oman to announce rules and regulations on Islamic banking," Abdul Kader Askalan, chief executive of OAB, said. Askalan said his bank has decided to offer Islamic banking products through two branches. "We will see whether the central bank allows window operations through the existing branches or we need to open dedicated branches."..............................................Full Article: Source
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