Islamic Finance
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Oman's Bank Muscat to launch Islamic banking arm
Bank Muscat, Oman's largest bank by assets, will set up a sharia-compliant banking arm, it said in a statement, becoming the latest financial institution to announce plans to operate in the sultanate's fledgling Islamic finance sector. Operating under the Meethaq brand name, the bank will function independently from the conventional…
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Click here to read the full story: Reuters