31.07.2012 - NBO geared to offer ‘Muzn’ sharia-compliant products
National Bank of Oman (NBO) is well poised to offer Islamic Banking products as soon as the final guidelines and the necessary approvals are received from the Central Bank of Oman, the Deputy Chairman Mohammed Mahfoodh al Ardhi stated in the Chairman’s Report of the bank’s financial performance for the six months to June 30, 2012. “The shareholders of the bank, have, at an extraordinary general meeting held on June 10, 2012, approved the Board of Directors’ recommendation for the appointment of a Sharia supervisory board for the bank’s Islamic Banking window...............................................Full Article: Source
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