Muscat: Islamic banking in Oman continues its rapid growth, with assets surpassing RO 7.8 billion by the end of July 2024.
Islamic banks and assets climb by 10.8% compared to the same period in 2023.
The total financing balance granted by these units reached RO 6.4 billion, reflecting an 11% increase from last year. The data also pointed to a significant rise in deposits within Islamic banks and windows, which grew by 17% to hit RO 6.2 billion.
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