Fitch Rating Agency warns about Sharia-complained banks as they do not complete with established conventional banks offering Islamic-compliant products. This is especially the case in Oman who’s banking market hasn’t been opened yet.
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The Shariah board of ‘Meethaq’ Islamic banking gave the approval for RO 150 million capital assigned by BankMuscat for its Islamic banking window operations awaiting regulatory approval. The board from Shariah perspective authorized the authenticit…
BankMuscat’s Board of Directors decided to arrange an independent Islamic banking window at the bank and launch Islamic banking operations in accordance with the injunctions of Shariah, subject to approval from the Central Bank of Oman.
The bank reveal…
BankMuscat wa sthe host of an introductory seminar on Islamic banking services in the Sultanate under the support of Sheikh Abdullah bin Salim bin Abdullah A’Salmi, Deputy-Chairman of the Capital Market Authority.
The lecture included some of the prod…
BankMuscat equips to activate Islamic finance products.
K. Gopakumar, General Manager, Wholesale Banking, states that they already have the necessary in-house to revive Shari’ah-compliant products.
The bank recently attended a series of customised Is…
BankMuscat lead a series of customised Islamic banking courses. The learning and development solutions for staff is as part of the bank’s commitment to launch Islamic banking products and services in accordance with the directives of His Majesty Sult…
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