Meethaq, Al Salam Bank, BMI ink cooperation pact

June 10, 2014 1:25 am

Bank Muscat’s Islamic banking arm, Meethaq has signed a memorandum of understanding with Al Salam Bank Bahrain and Bahraini retail and commercial banking institution, BMI Bank, to collectively pool expertise, technologies and resources, Times of Oman has reported. The three firms agreed to work together across a range of Islamic banking activities including Islamic syndications, particularly those issued in the sultanate, treasury transactions, liquidity management products and Islamic trade finance transactions.