Oman’s Islamic banks and window operations of conventional banks, some of which have already started operations, are expected to achieve an asset base of OMR1.5 billion by the end of this year and OMR3-4 billion in the next three to four years, said a prominent expert on Islamic finance.
The Sharia-compliant institutions are expected to mobilise OMR1 billion by way of deposits by the end 2013 while the equity capital of two Islamic banks and window operations put together is estimated in the region of OMR550 million. Of this, the combined paid up capital of two Islamic banks alone is at OMR250 million………………………………………..Full Article: Source