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Oman: Islamic bank assets at OMR2bn

Published: 26/09/2012 04:26:22 PM GMT
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The study showed that there is strong support for the concept of Islamic financing and that 70 per cent of those covered by the survey expressed i (more)

The study showed that there is strong support for the concept of Islamic financing and that 70 per cent of those covered by the survey expressed interest in opeing savings accounts at Islamic banks within the next 12 months. Meanwhile, 77 per cent of those interviewed expressed desire to opt for Islamic financing within a couple of years to come. A challenge that Islamic banking has to face is the fact that the secotr of services and monetary products is a new one and it requires time to develop, said the study.

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