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Ahlibank to launch Islamic banking services in Oman
1/18/2012 2:27:11 PM
MUSCAT: Ahlibank, one of the fastest growing banks in the Sultanate, is planning to set up an independent Islamic banking window and launching of its Islamic banking operations in accordance with the injunctions of Sharia, subject to approval from Central Bank of Oman (CBO).
The bank’s Islamic banking operations will be segregated from its conventional counterpart in all aspects. Furthermore, in line with CBO requirements, the bank will also have four-member Shari’ah board to ensure the operations are in compliance with Sharia.