13.06.2011 - Oman likely to benefit from Islamic wealth pool: Experts
With the introduction of Islamic finance, Oman could tap a substantial part of the large Islamic wealth pool available globally. Islamic finance may bring Oman substantial amounts of foreign direct investment (FDI), Islamic sukuk, project financing and infrastructure investment, according to bankers and industry experts. According to consulting firm Ernst & Young's estimate, the size of the global Islamic fund industry is US$55bn whereas the potential Islamic wealth pool is around US$480bn at present. So there is a huge potential for Islamic investment in new markets like Oman.............................................Full Article: Source
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