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Oman’s realty sector set to benefit from Islamic banking

Posted on 14 June 2011

Leading property management and consultancy firm Hamptons International has welcomed the government’s decision to allow the introduction of Shariah-compliant Islamic financial services in the domestic banking system — a move it says promises to impart a much-needed fillip to the real estate sector.
The recent Royal Directive authorising the offering of Islamic banking services — for the first time in Oman — has the potential to jumpstart a recovery of the once-vibrant property market, according to the reputable realty management firm……………………………………….Full Article: Source

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