Regulation, Risk & Compliance
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Oman's Islamic banks get extension on overseas holdings
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…
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Click here to read the full story: Reuters