Muscat, Islamic banking entities provided financing to the extent of RO3.3 billion as at the end of June 2018 as compared to RO2.8 billion a year ago, according to the data released by the Central Bank of Oman (CBO).

Total deposits held with Islamic banks and windows increased substantially by 18.2 percent to RO3.2 billion in June 2018 from RO2.7 billion a year ago.

The total assets of Islamic banks and windows combined, amounted to RO4.1 billion as of end of June 2018, constituting about 12.6 percent of the entire banking system assets.

Source: Oman News Agency