IFN - Islamic banking in Oman to continue its strong growth trend

OMAN: Bank Nizwa to donate OMR100,000 (US$259,015) to support families affected by recent adverse climate conditions
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MALAYSIA: AEON Bank to start operations by end of Q2 2024, Bernama reports
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GLOBAL: GFH Partners welcomes Nabeel Kanoo as new board member
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MALAYSIA: Cagamas prints Islamic paper worth RM230 million (US$48.01 million)

Islamic banking in Oman to continue its strong growth trend

Moody's Reports
Moody's Ratings
20/09/2021
0

Islamic banking in Oman has seen strong growth since its launch in 2012 and we expect it to reach around 20% of banking assets by 2025, driven by high demand for Shariah-compliant products and evolving supportive government regulation. However growth could slow given high competition and islamic banks' lack of short-term liquidity instruments.

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Islamic banking in Oman to continue its strong growth trend

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