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IFN Oman Forum 2021

Islamic banking in Oman to continue its strong growth trend

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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