Given the size of Oman’s market, a full-fledged Islamic bank will secure the first-mover’s advantage to win a significant market share in the country’s Islamic banking sector, along with commercial banks which set up Islamic banking windows first, according to Islamic banking experts.
“If banks are to make the most of the new opportunity then they should be in hurry to get into the sector. Early comers in the industry will get a foothold in the market and will have a head start as far as marketing of Islamic finance products are concerned,” said Dr Mabid Ali al Jarhi, financial expert and head of training at Emirates Islamic Bank in Dubai……………………………………….Full Article: Source