Halal Tamweel

Oman two Islamic banks to float 40pct of shares by June: Central bank | HALALTAMWEEL.COM

Oman two Islamic banks to float 40pct of shares by June: Central bank

1/23/2012 12:54:40 PM

MUSCAT : Oman's two Islamic banks will float 40 percent of their shares by June, the sultanate's central bank Executive President Hamood Sangour al-Zadjali said on Monday.

Zadjali was speaking to reporters on the sidelines of an Islamic financeconference.

Bank Nizwa and Al Izz International Bank have been granted banking licences to operate as Islamic banks.