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The Eurasian Development Bank, IsDBI and the London Stock Exchange Group host a discussion on the future of Islamic finance in Central Asia
19 DEC
Oman’s Islamic finance market to hit $40bln in the medium-term: Fitch
9 DEC
Islamic Finance leaders convene at Second Islamic Economy meeting to discuss sustainable innovation and Maqasid Al-Shariah in Finance
4 DEC
Islamic finance offers unique perspective rooted in ethical principles, social responsibility
21 NOV
Oman’s Islamic finance market to hit $40bln in the medium-term: Fitch
9 DEC
Muscat – Increasing public demand, expanding distribution channels, the growing use of sukuk as a public funding tool, and recent regulatory reforms are expected to drive further growth in Oman’s Islamic finance sector, according to Fitch Ratings. Fitch projects the size of Oman’s Islamic finance industry will exceed $40bn in the medium term, estimating it at $30.9bn as of September 2024. Islamic banking assets represent more than two-thirds (69%) of this total, followed by outstanding sukuk (30%) and takaful contributions (1%). A key regulatory development came in October 2024, when the Central Bank of Oman (CBO) introduced the Bank Deposit Protection Law, addressing a structural gap by extending deposit protection to Islamic banks.