• Oman

    • Oman’s Islamic banking assets surge by 10.8 % to RO 7.8bn

    By on September 28, 2024
    OMR
    OMR

    Muscat: Data issued by the Central Bank of Oman (CBO) indicated that the total assets of Islamic banks and windows combined rose to about OMR 7.8 billion, or 18.2 percent of the total assets of the banking sector in the Sultanate of Oman by the end of July 2024, recording an increase of 10.8 percent compared to the same period last year.

    Statistics showed that the total financing balance granted by units practicing this activity recorded an increase of 11 percent to reach about 6.4 billion Omani riyals.

    Deposits in Islamic banks and windows also increased by 17 percent to reach about OMR 6.2 billion by the end of July 2024.

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