IslamicFinance.de

BankMuscat's Board of Directors decided to arrange an independent Islamic banking window at the bank and launch Islamic banking operations in accordance with the injunctions of Shariah, subject to approval from the Central Bank of Oman.
The bank revealed the logo of its Islamic banking window under the brand name 'Meethaq' at the Oman Islamic Economic Forum.
The bank's Islamic banking operations will be separated from its conventional counterpart in all aspects. Further, in line with CBO requirements, the bank noted the formation of a 3-member Shariah board to ensure the Meethaq operations are in compliance with Shariah.