Riyadh: Dr. Abdurahman Al Atram, secretary general of the International Islamic Economic and Financing Organisation, said the Islamic banking solutions have attained significant attention from both the local and international banks, especially in the wake of the global financial crisis.
"The Saudi local banks are seriously thinking about stopping some of the transactions based on the western banking system and instead introduce Islamic ones," he said.
Dr. Al Atram made the remarks in his speech at a conference at the Riyadh Chamber of Commerce and Industry here on Tuesday.
The conference aims to emphasise the role of the organisation in spreading the culture of Islamic economics and finance as a solution to the current economic meltdown.

"Taking advantage of the situation, the organisation has intensified its drive to market Islamic economy more aggressively," he said.
According to Dr. Al Atram, some of the salient features of the Islamic economy, which were hitherto unnoticed, gained special significance in addressing the global crisis.