02.08.2012 - Oman Islamic bank eyeing funds push

Oman's Bank Nizwa, the sultanate's first Islamic bank, plans to attract some of the funds held abroad at other Gulf Islamic banks to grow during its first year of operations, its chief executive said. "The amount of Omani money deposited in Islamic banks in the region, such as the UAE and Bahrain, is about 3.5 billion rials to 5bn rials ($9.1bn to $12.9bn)," Jamil Al Jaroudi said...............................................Full Article: Source

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