Moody's upbeat on Oman's new Islamic banking sector - Banking & Finance - ArabianBusiness.com

Moody's upbeat on Oman's new Islamic banking sector - Banking & Finance - ArabianBusiness.com:

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Oman's new Islamic banking sector is likely to take a 6-8 percent share of the market over the next three to five years, according to a new report by rating agency Moody's.
It said the introduction of the Islamic Banking Regulatory Framework was "credit positive for the local banks", as expansion into Islamic banking has the potential to strengthen their franchises and diversify revenue generation.
The industry, however, will still need to manage various challenges to deliver the anticipated growth, Moody's added."

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