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BankDhofar ready to launch Islamic banking
- Oman: Thursday, December 13 - 2012 at 04:47
Omani lender BankDhofar has said it is ready to launch its new Islamic banking services, subject to the Omani central bank approval, Times of Oman has reported. The Shari'ah-compliant service, called 'Maisarah,' will be a fully serviced Islamic window which will enable customers to access Islamic products and services through its Islamic banking division which was established at the start of the year. "There is a lot of interest in Islamic banking in Oman and we have put the processes in place within our bank to ensure we are ready to offer the best Sharia-compliant products and services," said Tony Mahoney, chief executive of BankDhofar. "Our systems were also upgraded and tested to ensure that a smooth transition to Islamic banking can be made as soon as Central Bank of Oman approval is in place."
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