islamic finance

Mazoon Electricity signs Islamic financing contract worth $235 million
May 11, 2021

Muscat: Mazoon Electricity Company (MZEC), a subsidiary of Nama Holding, announced the signing of its debut Islamic financing facility for an amount......

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Alizz Islamic signs pact with Zain Property Development to provide home financing solutions
May 5, 2021

MUSCAT: Within the framework of its commitment to provide home purchase finance options to various segments of the society, Alizz Islamic Bank recently......

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‘Islamic finance to see 12 per cent growth in 2021’
May 4, 2021

S&P Global Ratings believes that the global Islamic finance industry will grow by 10-12 per cent in 2021-2022 after slowing to 10.6 per cent......

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Rapid Islamic banking growth deepens Oman’s sovereign sukuk market
April 26, 2021

The rapid expansion of Islamic banking assets in Oman will continue to deepen the market for domestic government sukuk, Moody’s Investors Service......

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Meethaq celebrates first quarterly Hibati draw
April 25, 2021

MUSCAT: Meethaq celebrated the first quarterly draw of its 2021 Hibati savings scheme at a special event that was broadcast live on Shabiba FM and......

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For the first time in the Sultanate, Alizz Islamic Bank and the Ministry of Social Development unveil a crowdfunding project
April 20, 2021

Alizz Islamic Bank and The Ministry of Social Development unveiled a crowdfunding website ( to raise OMR 2 million......

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Great offers from Alizz Islamic Bank during Ramadhan
April 20, 2021

MUSCAT: To welcome the advent of the Blessed Month of Ramadhan this year, Alizz Islamic Bank has announced a number of special offers for its customers......

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Ahli Islamic holds first Qitaf quarterly draw
April 18, 2021

MUSCAT: Encouraging individuals to chase their dreams by saving more to win more, ahli islamic has announced one lucky winner of its first quarterly......

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Islamic banking sector growth to continue despite Covid-19
April 1, 2021

Growth in Oman’s Islamic banking sector is likely to continue into 2021-2022 building on the strong momentum seen in 2020, despite the dual......

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Oman’s Islamic banking growth likely to continue: Fitch Rating
March 28, 2021

LONDON: Oman’s Islamic banking sector growth is likely to continue apace in 2021-2022 following strong momentum in 2020 despite the pandemic......

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