IslamicFinance.de

Bank Sohar signed an agreement with Dar al Sharia Legal & Financial Consultancy of Dubai, to help it with all the main aspects of launching its Islamic banking window.
Since then, the bank has been working on introducing authentic, Sharia-based banking solutions to its customers. It seems that it has recognized three areas of utmost importance for ensuring that its Islamic window is a solution that respects the basic tenets of Islam, the sensibilities of Omanis and is within the guidelines of the Central Bank of Oman.

Dar Al Sharia Legal & Financial Consultancy has signed a collaboration agreement with the German Institute of Islamic Banking and Finance (IFIBAF).
Dar Al Sharia and IFIBAF want to work more close especially in the field of capital market transaction for retail and institutional business. By bringing in local market expertise in legal and regulatory requirements combined with Sharia compliant product solutions, IFIBAF will benefit from the expertise of Dar Al Sharia, especially in the area of Sharia advisory and Sharia auditing.