I think what you see is the conversion/movement from customers at the retail level to Islamic banks, but nothing too dramatic. Despite being Islamic these new banks will still need to compete with much more established franchises. KHALID HOWLADARSenior credit officer, asset backed and Sukuk finance, Moody’s Middle East The long anticipated provision of Islamic financial services in Oman has now finally become a reality, with three banks awarded licenses. Much of the initial activity is at the retail level,....