islamic finance

Ominvest to issue RO52mn worth of perpetual sukuk
November 30, 2021

Muscat – The shareholders of Oman International Development & Investment Company (Ominvest) recently approved the issuance of perpetual......

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Islamic finance industry set to hit $4.94trn in 2025
November 18, 2021

Islamic finance industry is projected to reach $4.94 trillion in 2025 according to the Islamic Finance Development Indicator (IFDI) 2021 released......

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Bank Nizwa, IFSB join hands to support Islamic finance growth
November 16, 2021

Muscat – In line with its mission to spread awareness and boost interest in the community about Islamic banking practices, Bank Nizwa recently......

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Alizz Islamic Bank's initiative to introduce role of Islamic banks in sustainable economy
October 10, 2021

Muscat: In continuation of its pioneering role in launching initiatives that serve the community, Alizz Islamic Bank has announced the launch of......

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Ahli Islamic launches children’s account
September 27, 2021

Muscat – A bank that has invested in the growth and prosperity of its clients, Ahli Islamic has initiated various schemes to encourage its......

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Oman’s Islamic banking market share seen to reach 20% by 2025
September 21, 2021

Muscat – Oman’s Islamic banking industry – which has seen strong growth since its launch in 2012 – is expected to reach around......

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Alizz Islamic Bank signs pact to provide home financing solutions
September 16, 2021

Muscat: Alizz Islamic Bank and National Mass Housing Company have signed an agreement to provide home financing solutions for the bank’s customers......

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GCC sukuk issuances decline on lower funding needs
September 13, 2021

Muscat – The sukuk issuance in the GCC countries have dropped significantly this year due to higher oil prices which lowered the financing......

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Islamic banking assets reach RO5.7bn on robust growth
September 12, 2021

Muscat – Continuing the fast-paced growth in Oman’s Islamic finance industry despite the economic slowdown caused by the COVID-19 pandemic,......

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Sultanate participates in IsDB Group meetings
September 5, 2021

TASHKENT: The Sultanate participate in the 46th annual meetings of the Islamic Development Bank (IsDB) Group, held in Tashkent, Uzbekistan, on Friday......

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