Meethaq set to redefine Islamic banking
Meethaq, the pioneer of Islamic banking in Oman, from Bank Muscat, is all set to redefine Islamic banking with the launch of full-fledged operations at its dedicated branch in Al Ghubra.
Reserve Bank Governor D Subbarao on Wednesday said the present laws do not permit Islamic banking in the country, but a suitable legislation can create space for this important business model.