Islamic Banking Entities Financing Hits RO3.5 Billion till Nov 2018

Muscat, The Islamic banking entities provided finance amounting to RO3.5 billion as at the end of November 2018, higher as compared to RO3 billion a year ago.

Total deposits held with Islamic banks and windows also increased significantly by 11.2 percent to RO3.2 billion in November 2018.

The total assets of Islamic banks and Windows combined, amounted to RO4.3 billion as at the end of November 2018 and constituted about 13 percent of the banking system assets.

Source: Oman News Agency