IslamicFinance.de

Adnan Ahmed Yusuf, Chief Executive Officer of Al Baraka Banking Group and Chairman of the Union of Arab Banks, noted that the Islamic banking in the Sultanate will expand and will achieve more than 20% of the domestic banking during the next five years.
He also disclosed the interest of ABG to enter the Islamic banking sector in the Sultanate but due to factors related to the policy of the group towards the form of ownership, Al Baraka Group is currently thinkking about the possibility of managing a bank in the Sultanate or engaging in Islamic finance if the new banking laws permit so.