Credit granted to Islamic banking entities reach OMR3.9 billion

Muscat: Islamic banking entities provided financing to the extent of OMR3.9 billion at the end of October 2019 as compared to OMR3.5 billion a year ago, according to the bulletin released by the Central Bank of Oman (CBO).
Total deposits held with Islamic banks and windows also registered a significant increase to OMR3.4 billion in October 2019 from OMR3.2 billion outstanding at the end of October 2018.
The total assets of Islamic banks and windows combined, amounted to OMR4.8 billion at the end of October 2019 which constituted about 13.8 per cent of the banking system assets.