Oman’s new Islamic banks will struggle initially to compete with established conventional banks offering Sharia-compliant services through the Islamic windows when the country opens up its Islamic banking market, global ratings agency Fitch Ratings said.
In a statement on its website, Fitch said that the combination of well-known brand, an established network, service quality and cost-efficiency savings will give the incumbents a significant advantage over new Islamic banks………………………………………..Full Article: Source