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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.

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