Islamic banks contain 11.6pct in Oman's total bank assets
(MENAFN) The combined assets of Islamic banks and window operations had reached OMR3.6bn by the end of June this year, containing 11.6 percent of total bank assets in Oman.
In addition, Islamic banking has increased by leaps and bounds, gaining momentum on the back of continuous innovation despite being a relatively young industry.
Meanwhile, Islamic institutions had recorded a year on year increase of 33.3 percent in financing to OMR2.8bn by the end of June this year.
Furthermore, whole deposits held by Islamic financial institutions also jumped by 50 percent to OMR2.7bn by the end of the cited month of this year.
Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.