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U Capital Morning Brief March 14 2018
Capital Investments- Wednesday, March 14, 2018
Islamic banking growth could slow in future: H E Amri Oman’s Islamic banking industry, which has been witnessing robust growth rates in the past few years, may witness a slowdown in growth in near future as the weak oil prices and lower economic growth could weigh on sentiments, H E Tahir bin Salim al Amri, executive president of the Central Bank of Oman (CBO) said on Tuesday. Giving a keynote speech at the IFN Oman Forum, a day-long Islamic finance seminar at the Grand Millennium Muscat, H E Amri said the average growth in Oman’s Islamic banking sector remained at an elated level for the first five years, adding, ‘but due to low oil prices and subsequent other financial constraints which have impacted the overall banking industry, the demand for Shariah complaint products could see some slowdown in near future.’
Country :
Regional
Report Type :
Daily
Report Date :
Wednesday, March 14, 2018
Provided by :
Capital Investments Capital Investments
Report Size :
643
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