13.06.2011 - Realty sector to benefit from Islamic banking
Leading property management and consultancy firm Hamptons International has enthusiastically welcomed the government's decision to allow the introduction of Shariah-compliant Islamic financial services in the domestic banking system - a move it says promises to impart a much-needed fillip to the real estate sector. The recent Royal Directive authorising the offering of Islamic banking services - for the first time in Oman - has the potential to jumpstart a recovery of the once-vibrant property market, according to the reputable realty management firm.............................................Full Article: Source
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