Omani banks need expertise to deal with Islamic banking, say experts
Central Bank of Oman (CBO) arranged a seminar on Islamic banking in collaboration with Ernst & Young, Bahrain.
Speakers at the seminar were worried that the growth prospects for the banking sector would increase by 20% over the next decade, especially since the Islamic banking system was less affected by the recent global financial crisis compared to conventional banks.
The seminar was attended by a large number of chief executives and officials of commercial banks operating in the Sultanate.
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