Sarasin-Alpen, Oman, a subsidiary of Switzerland’s Bank Sarasin & Co, said it has won regulatory approval from Oman’s Capital Market Authority to market Islamic securities, products and services to its clientele, along with its existing advisory services in private banking.

Sarasin-Alpen started its operations in Muscat in 2008 and provides a comprehensive range of private banking advisory services. In addition to Oman, Sarasin Alpen Group also has offices in Bahrain, India, Qatar and the UAE.

The bank was the first Swiss-based private banking advisory service to operate in Oman, the firm said in a statement. The Sarasin Group launched its Islamic Wealth Management offering from Switzerland in late 2009.