islamic finance

Alizz Islamic Bank partners with HalalBooking.com
August 4, 2022

Muscat: As part of the bank's efforts to provide its customers with the best shari’a complaint offers and benefits and discounts, Alizz......

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Ministerial decision issued to regulate household business activities
July 25, 2022

Muscat: The Ministry of Commerce, Industry and Investment Promotion has issued a ministerial decision (No. 473/2022) promulgating a regulation on......

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CBO’s planned Islamic money market instruments positive for sector: Moody’s-
July 25, 2022

Muscat – The Central Bank of Oman’s planned introduction of Shariah-compliant money market instruments will be positive for the sultanate’s......

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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......

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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......

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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......

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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......

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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......

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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......

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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......

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