30.06.2011 - Omani banks need expertise to deal with Islamic banking, say experts
The Central Bank of Oman (CBO) organised a seminar on Islamic banking in collaboration with Ernst & Young, Bahrain. Speakers at the seminar stressed that the growth prospects for the banking sector would increase by 20 per cent over the next decade, especially since the Islamic banking system was less affected by the recent global financial crisis compared to conventional banks. Regarding the development of the Omani market in this field, experts noted the need to provide the necessary expertise in Islamic banking to groom Omani institutions operating in banking and finance and to provide appropriate training in order to keep them abreast of the developments taking place in this sector..............................................Full Article: Source
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