IslamicFinance.de

Conventional banks were allowed to have Islamic operations to help them have diversified sources of revenue and make the local banking industry more competitive.
Islamic banks in the country had small capital base then and that was another reason why their conventional counterparts were permitted to offer Islamic banking services.
Abdullah bin Khalid Al Attiyah thinks that the banks dispensing credit should rely more on their own judgment and risk managing abilities than on the directives of the QCB.