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BankMuscat to Start Separate Islamic Banking Unit, ONA Reports

BankMuscat SAOG (BKMB), Oman’s biggest bank by assets, plans to set up a separate Islamic banking unit to be known as Meethaq, the state-run Oman News Agency reported, citing a statement from the Muscat-based lender.

To contact the reporter on this story: Gordon Bell in Johannesburg at gbell16@bloomberg.net

To contact the editor responsible for this story: Shaji Mathew at shajimathew@bloomberg.net.

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