Oman charts strategy to become part of expanding Islamic finance industry
he Islamic finance industry is estimated to grow at 15-20 per cent per year. 63 per cent of Islamic finance institutions are positioned in the Middle East, controlling more than 50 per cent of Islamic banking assets. These Statistics were concluded at the first ever Oman Islamic Banking Conference.
The gathering included speakers from prominent Islamic financial institutions around the region and high-level delegates from Omani financial institutions and banks that debated regional best practices and map out a strategy for the nation to become a part of the rapidly growing Islamic finance industry.