Oman awards licences for two Islamic finance businesses

18 Aug 2011

Oman’s Capital Market Authority (CMA) this week gave groundbreaking approval for two Islamic finance businesses.

On Monday, investment bank Alpen Capital Group became one of the first firms in Oman to receive an Islamic advisory licence. Meanwhile, Al Madina Insurance Co was granted in-principle approval to become a fully fledged takaful (Islamic insurance) company.

"Oman has been one of the less active parts of ...

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