| Standard Chartered is evaluating the possibility of entering the Islamic banking market in Oman. With the Royal Decree to introduce Islamic finance to the sultanate issued in May this year, banks in Oman have been investigating the possibility of introducing Islamic banking windows and two new Islamic banks, Bank Nizwa and Al Izz International Bank, are expected to begin operations in 2012.
Standard Chartered is also evaluating the possibility of offering Islamic banking in the sultanate in 2012,and it is in talks with regulators...............................................Full Article: Source
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