Connect with us

Hi, what are you looking for?


Saudi Arabia tops in Islamic banking

Meanwhile the Central Bank of Oman said in a report that the total assets of Islamic banks and windows in Oman have touched RO 2 billion in September. The share of Islamic banking in the sultanate’s total banking assets rose to 6.5%, the report added. Total assets of the Islamic banks and windows recorded a robust growth of 53% in September this year compared to total assets of RO1.28 billion a year ago. Consolidated financing of the sector jumped to RO1.5 billion from RO 904 million a year ago, registering a growth of 66% year-on-year. Financing to the private sector accounted for RO1.48 billion of total Islamic financing.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

PR Newswire

Copyright © Glocal Infomart Pvt Ltd. All rights reserved. Usage of content from website is subject to Terms and Conditions.