Islamic Finance
Uncategorized
Oman's Al Izz Islamic Bank plans $104m IPO
Al Izz Islamic Bank, the second sharia-compliant lender being formed in Oman, plans to float 40 percent of its shares in September, a bank official said on Thursday. Oman awarded two Islamic banking licenses last year, to Al Izz and Bank Nizwa, reversing its position as the only Gulf state…
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