Muscat: This now accounts for 18.7% of the total assets within the country’s banking sector, underscoring the rising demand for Sharia-compliant financial services.
Driving this growth is the sector’s expanding financing portfolio, which grew by 12.6% to reach RO 6.6 billion. Deposits have also climbed significantly, recording a 23.7% increase to match the financing balance at RO 6.6 billion.
Read More
- South Korea’s exports surge 93.7% in October
- Bank Muscat launches transfer to Visa Cards Service through digital channels
- Chinese investors see new opportunities for Oman-China economic partnership
- Abdullah Al Hinai resigns as National Bank of Oman CEO
- Bank Muscat supports Omani women towards empowerment and leadership
