Islamic finance mkt faces ‘expectations’ challenge

The GCC Islamic banking community is well positioned to build on a leadership role versus other potential competing centers such as Malaysia, Iran or even the UK.
GCC Islamic banks have also prooved their ability to be more innovative in terms of product development and provision of services as they compete for business with conventional banks. However competition in the GCC has also outcome as a fragmented Islamic finance industry with most local institutions remaining relatively minor players on a global scale.

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