Oman’s Islamic banks and window operations have shown a robust year-on-year growth of 53.09% (or OMR744.3mn) in financing at OMR2,146.2mn by end of July 2016, against OMR1,401.9mn for the same period of last year. Total customer deposits held by Islamic institutions also shot up by 57.49% year-on year to OMR1,895.4mn by end of July 2016, against OMR1,203.5mn for the same period last year, according to the latest monthly bulletin released by the Central Bank of Oman. (Times of Oman)
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