BankMuscat hails CBO model on Islamic banking
2/6/2012 10:13:29 AM
MUSCAT: BankMuscat, the flagship financial institution in the Sultanate, has commended the draft Central Bank of Oman (CBO) model of Islamic banking and finance to be adopted by Islamic banks and Islamic windows associated with conventional banks in Oman.
Sulaiman al Harthy, Group GM — Islamic Banking, expressed deep appreciation of the draft model at the fourth seminar on Islamic banking hosted by the Bank at the Ministry of Education. The BankMuscat Sharia board members — Shaikh Dr Ali Qaradaghi, Chairman, Shaikh Essam Muhammad Ishaq and Shaikh Majid al Kindi — addressed the seminar aimed at raising awareness and familiarising people with the main characteristics of Islamic finance.
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