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Oman’s ODB mulling Islamic window

Oman Development Bank (ODB) has said it is considering the launch of an Islamic window to offer Shari'ah-compliant products to small and medium-sized firms, Reuters has reported. Government-owned ODB considered a full-fledged conversion to become an Islamic bank, but is likely instead to opt for an Islamic window, said Hamed bin Salim Al Harthy, assistant general manager for branches at ODB. "The bank will not move toward becoming a full Islamic bank but we have to keep up with the trend in the market, and the trend is for Islamic products," he told the news service.