Omani lender Bank Nizwa, the sultanate’s first full-fledged Islamic bank, plans a steady expansion of its retail network with a view to capturing a 5 percent share of the total banking market, according to its CEO.
The country’s two new Islamic banks, Bank Nizwa and Al Izz Islamic Bank, obtained operating licences late last year. They face competition from conventional lenders which plan to launch Islamic windows themselves………………………………………..Full Article: Source