Muscat, The Islamic banking entities provided financing to the extent of RO 3.2 billion as at the end of April 2018 as compared to RO 2.7 billion a year ago.

The Total deposits held with Islamic banks and windows increased substantially by 25.4 percent to RO 3.1 billion in April 2018 from RO 2.5 billion a year ago.

The total assets of Islamic banks and windows combined, amounted to RO 4 billion as at the end of April 2018, constituting about 12.4 percent of the entire banking system assets.

Source: Oman News Agency