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Sunday, 15 July 2012

Oman Development bank (ODB) plans to boost Islamic banking

Muscat: In its efforts to provide customers with banking products and services that are in line with the Islamic banking, Oman Development bank (ODB) has decided to set up a team tostudy the products and services the bank offers and analyse the possibility of adding new services that are in conformity with Islamic law.

According to the decision, the team will submit its report within three weeks.

It may be mentioned here that the Sultanate has decided to establish Islamic banking and opening new outlets for Islamic banking products and services at the banks.
The Oman Development Bank aims to cater to the rising demand for Islamic banking services and products in the country, the management said. 

(Times Of Oman / 15 July 2012) 

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Alfalah Consulting - KL: www.alfalahconsulting.com 
Islamic finance consultant: www.ahmad-sanusi-husain.com 
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