The potential for Islamic banking in the Sultanate is tremendous as nearly one third of Omanis stay away from conventional banking at present, according to an official of Bank Nizwa, Oman’s first Islamic bank, which officially opened on Saturday.
When a third of a country’s population is not participating in any economic activity, then it needs to be addressed, Ahmed Bin Saif Al Rawahi, chairman of the founding committee of Bank Nizwa, told Oman Tribune………………………………………..Full Article: Source