Islamic Banks' Assets in Oman Amounted To $18 Billion

  • Muscat, Sultanate of Oman
  • 9 November 2023
1

The CEO of the Central Bank of Oman, Taher bin Salem Al-Omari, explained that the total assets of Islamic banks and windows in the Sultanate of Oman reached 7 billion Omani riyals (about 18 billion dollars), an increase of 13 percent year-on-year, until last September.

"Islamic banking institutions provided financing worth RO 5.8 billion (USD 15 billion), while their total deposits amounted to RO 5.3 billion (USD 13.7 billion), which corresponds to a market share of 17.6 percent in terms of total assets and more than 19 percent of the market share in terms of Islamic finance and Islamic deposits."

Source (Al Asharq Al-Awsat Newspaper, Edited)

Related News

Get an annual subscription in Al-Omran Al-Arabi Magazine

SUBSCRIBE NOW