03.04.2013 - Oman Islamic banks get extension on foreign assets
Oman's central bank has granted Islamic banks a one-year relaxation of rules on the amount of foreign assets which they can hold, to give time for Islamic financial instruments to be developed domestically. Oman's first full-fledged Islamic banks, Bank Nizwa and Al Izz International Bank, were established late last year and are now starting to operate as the country introduces Islamic finance...............................................Full Article: Source
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