GCC Islamic banking status


Regulated Islamic banking services across the GCC region goes bank to 1975, Oman is about to open the room for Islamic banking in the country. The following provides a recent overview of the GCC Islamic assets and where each country stands. 

Bassel Nadim writes:



Can Islamic banks acquire loans or Islamic financing contracts?

I was recently hosted by CNBC TV to address some critical issues in lending and re-financing from both traditional and Islamic banking perspectives. UAE, Oman and KSA regulations were compared

The discussion shed lights on the motives of banks to acquire some banks else clients and the sharia considerations beyond early settlements charges. It also debated the the structure of Islamic finance transactions and how it is critical to separate profit from principal, hence the concept of factoring or re-financing is not an easy trip in Islamic banking.