islamic finance

Takaful Oman raises its capital by RO6mn
June 15, 2022

Muscat – Takaful Oman, an Islamic insurance company, on Tuesday announced the successful completion of its RO6mn rights issue. Earlier, through......

Continue Reading >
Oman’s Meethaq Sukuk repays $116mln to redeem sukuk series
June 15, 2022

Meethaq Sukuk Company (SPC) has repaid 44.6 million Omani rials ($116 million) and fully redeemed Sukuk Series 1 on its contractual maturity date......

Continue Reading >
Oman’s Islamic banking assets crosses RO6bn mark
May 18, 2022

Muscat – Islamic banking is continuing to grow rapidly in Oman driven by growing awareness about Sharia’a-compliant products, strong......

Continue Reading >
Alizz Islamic Bank AGM commends accomplishments and approves resolutions
April 11, 2022

Muscat: During its Annual General Meeting held in Crowne Plaza Al Qurum, Alizz Islamic Bank commended the bank’s accomplishments over the past......

Continue Reading >
Meethaq Sharia Supervisory Board appoints chairman and deputy chairman
April 4, 2022

Muscat: Meethaq Islamic Banking from Bank Muscat held its first Sharia Supervisory Board meeting for 2022 at the bank’s head office in Seeb......

Continue Reading >
Muzn Islamic Banking records 24% rise in net profit
March 28, 2022

Muscat: Muzn, National Bank of Oman’s Islamic Banking window, has released its financial results for 2021, recording a strong performance with......

Continue Reading >
Alizz Islamic Bank joins first Waqf Forum
January 10, 2022

Muscat: Waqf sector is considered one of the main drivers of funds growth in the Sultanate, said Asaad bin Hilal Al-Kharusi, acting Chief Operating......

Continue Reading >
Bank Nizwa extends its financing facilities to Khazaen Dry Port-
December 30, 2021

Muscat – The sultanate’s leading Islamic bank, Bank Nizwa on Wednesday celebrated and marked the official opening of the Khazaen Dry......

Continue Reading >
Alizz Islamic Bank Sharia Supervisory Board holds its sixth meeting
December 29, 2021

Muscat: Sharia Supervisory Board of Alizz Islamic Bank held its sixth meeting of the year at the main branch of Central Business District at Ruwi......

Continue Reading >
AD Ports Group and Aqaba Development CorporationSign Multiple Agreements for Development of Tourism, Transport, Logistics and Digital Infrastructure
December 19, 2021

AD Ports Group, a leading facilitator of trade and logistics, has strengthened its regional footprint by signing a number of four strategic agreements......

Continue Reading >