IslamicFinance.de

Economist and academic researcher Dr Nasser al Mawali forsees that Islamic banks will need about 20% of the domestic market of the banking sector in the Sultanate during the next three years.
He indicated that the presence of Islamic and traditional banks in the domestic market promotes competition among them and helps in finding alternatives and multiple options of financing and customer service especially for small businesses that have poor funding.
Dr Al Mawali added that the presence of Islamic banks in the Sultanate is a promising opportunity for the growing Omani economy.