Oman’s Islamic banks and window operations are showing a robust growth, with these institutions now constituting 9.81% (or OMR2,103.8mn) of the total financing of all banks put together (OMR21,451.9mn) at the end of June 2016. Islamic banks and window operations recorded a robust growth of 52.69% (or OMR726mn) in incremental finance for the 12-month period ending June 2016 at OMR2,103.8mn, against OMR1,377.8mn for the same period of last year, according to the latest monthly report released by the Central Bank of Oman (CBO). (Times of Oman)
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