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FINANCIAL NEWS
Meethaq aims financing Indian firms in Oman
14 Sep 2017
(MENAFN) Indian industrial ventures in Oman will be a focused area for funding by the Islamic banking of Bank Muscat, Meethaq.
Furthermore, Meethaq has increased at a yearly rate of almost 25 percent since its inception five years ago, reaching assets of USD1bn from a basic USD1mn.
Recently, the window has 39 percent market share in deposits and 30 percent in financing.
Accordingly, the firm is very ambitious and will be the engine for Islamic banking growth in the nation and will support all kinds of projects that will boost the Omani economy.
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MENAFN1409201700450000ID1095857639
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