Total Assets of Islamic Banks, Windows Hit RO4.3 Billion by October 2018

Muscat, Islamic banking entities provided financing to the extent of RO3.5 billion as at the end of October 2018 as compared to RO2.9 billion a year ago.

Total deposits held with Islamic banks and windows also increased significantly by 12.5 percent to RO3.2 billion in October 2018 from RO2.9 billion as at the end of October 2017.

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

Source: Oman News Agency

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