While an Islamic bank is one based entirely on and managed wi
While an Islamic bank is one based entirely on and managed with, Islamic principles, an Islamic window refers to the services provided by a conventional bank but based on Islamic principles. For example, in Oman, there are two Islamic banks, Bank Nizwa and Al Izz Islamic Bank. Six of the seven commercial banks in the country also offer Islamic banking services through dedicated windows or sections in the conventional bank.
These Islamic Banks and windows use various different types of sharia compliant contracts to structure banking products.
You are required to;
Select any two local Islamic Banks and/or windows in Oman that provide three Islamic (sharia compliant) products. Analyze how their products differ from the conventional banks based on the contract/features. The report should compare and contrast the similarities and differences.
Provide your observations how the shariah complaint products (identified above in 1) are different from other Islamic banks globally (choose any country to make the comparison. Select two international Islamic banks. (5 Marks)
Provide examples of successful sukuk issuance and their impact on specific sectors in any given economy. (05 Marks)
The report should be structured with appropriate references and begin with an introduction and end with a conclusion.
(A report of 3000 words)
(5 Marks for presentation)
END OF ASSIGNMENT