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    • Oman’s Islamic banking assets reach RO 8.3bn

    By on December 28, 2024
    muscat
    muscat

    Total assets of Islamic banks and windows in Oman stands at RO 8.3 billion

    Muscat: The combined assets of Islamic banks and windows rose to about OMR 8.3billion by the end of October 2024, recording an increase of 18.7 percent compared 16.4 percent to the same period in 2023.

    Data issued by the Central Bank of Oman indicated that the total financing balance granted by units practicing Islamic banking activity increased by 13.8 percent to reach about OMR 6.7 billion.

    While deposits in Islamic banks and windows recorded a 24 percent increase to reach OMR 6.5 billion by the end of October 2024.

     

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