|Ahlibank, which launched its Al Hilal Islamic banking services in the sultanate on Tuesday, is considering switching from conventional banking to Islamic banking soon. “We are looking forward to convert all our conventional branches to Islamic banking and we hope that will happen very soon. We plan to switch all our retail banking services to the Islamic banking system. We are looking at starting with branches in Ibra, Nizwa and Sur and this may happen in the coming month,” said Abdullah al Jabri, DGM and head of Al Hilal Islamic Banking Services.
“There is a good indication that people are more interested in Islamic banking. During our soft launch on Sunday, we opened more than 40 accounts in one day. On Tuesday, we received above 250 calls enquiring about our services. Islamic banking may have 70 per cent of market share within the coming three to five years,” he added...............................................Full Article: Source