| MSM Director General said that the operation of Islamic banks in the Sultanate will create some sort of competition between conventional banks in customer service, which will be reflected positively on improving service delivery, reduce the cost and increase the sources of financing that are ultimately in the service of national economy.
He explained that the birth of Islamic banking and their trading tools will be reflected positively on the performance of the Muscat Securities Market, improve its liquidity and trading volumes, showing that MSM will help Islamic banks to obtain the necessary funding sources to finance its activities through putting into circulation Islamic finance tools, such as Islamic bonds and certificates of deposit and other tools that will be included in MSM...............................................Full Article: Source |