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Dar al Sharia to help Bank Sohar develop Islamic window
- Oman: Wednesday, November 07 - 2012 at 03:59
Omani lender Bank Sohar has signed an agreement with Dubai-based Dar al Sharia, a subsidiary of Dubai Islamic Bank - the world's first Islamic financial institution, to build the foundations of a Shari'ah-compatible Islamic window, Muscat Daily has reported. Under the deal, Dar al Sharia is to help Bank Sohar on issues relating to Islamic banking and financial services, including Shari'ah-compliant structuring and documentation services for all types of products, sukuk, syndication and funds, product design and development, innovation, Shari'ah audit and training, and capacity building.
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