islamic finance

Move to strengthen Sultanate’s Islamic banking sector
December 21, 2020

Seeking to build on the robust growth of the Islamic banking sector in the Sultanate, the Central Bank of Oman (CBO) is rolling out a number of initiatives......

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Global Islamic finance assets to hit $3.69 tn in 2024
December 10, 2020

MUSCAT, Dec 9 Global Islamic Finance assets are forecast to reach $3.69 trillion by 2024, according to the 2020 Islamic Finance Development Report......

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Muzn wins best Islamic banking window award
December 6, 2020

In recognition of its pioneering role in the Islamic finance industry, Muzn has been named the Best Islamic Window - Oman 2020 at the Global Business......

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Oman’s new sukuk issuance credit positive for Islamic banking: Moody’s
November 18, 2020

On November 10, the sultanate’s Ministry of Finance announced a RO25mn sukuk issuance, the government’s first sukuk issuance available......

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Alizz Islamic Bank completes merger process with Al Yusr Islamic Banking
September 23, 2020

Muscat: Alizz Islamic Bank has completed all processes related to the integration of Al Yusr Islamic Banking. This includes the integration and transferring......

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Alizz Islamic Bank launches microsite to assist customers
September 1, 2020

In order to smoothen the merger process for customers of Alizz Islamic Bank and Al Yusr Islamic Banking, the Islamic banking window of Oman Arab......

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Shura discusses Oman’s draft VAT law
July 14, 2020

The Economic and Financial Committee of Majlis Ash-Shura on Monday discussed the draft Value-Added Tax (VAT) law referred by the government, by hosting......

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Islamic banking entities provide financing of OMR4bn
February 23, 2020

Muscat: Islamic banking entities provided financing to the extent of about OMR4 billion at the end of December 2019, recording a growth of 11 per......

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RO 10 million Islamic financing for Oman copper-gold project
February 20, 2020

The Omani-Australian partnership Al Hadeetha Resources LLC has secured funding to the tune of RO 10 million from Alizz Islamic Bank, which will support......

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Meethaq strengthens Priority Banking through Hafawa Centres
February 16, 2020

MUSCAT: Hafawa Priority Banking from Meethaq, the pioneer of Islamic banking in Oman, continues to elevate personal and relationship banking to a......

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