| As the deadline for the close of the initial public offering of the new-float Bank Nizwa is nearing, analysts give a fair value rating to the issue. Islamic finance has become one of the fastest growing segments in the financial markets across the globe especially in regions like Asia, Africa and Europe as borrowers seek alternative avenues for financing.
In GCC, it has been growing at double-digit annual growth rates over the past decade. Today, Islamic banks in the region control a market share close to 15 per cent of the total assets of the banking sector and have become a part of mainstream financial intermediation...............................................Full Article: Source
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