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National Bank of Oman launches Islamic banking window

Oman's second-largest bank by assets, the National Bank of Oman (NBO) has launched its Islamic banking window under the name 'Muzn,' Muscat Daily has reported. The Islamic banking window has been allocated an initial capital of OR15m and will start operations as soon as regulations are announced in Oman, said Ahmed al Musalmi, deputy CEO of NBO.