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Omani Islamic establishments log solid progress in 2015

15 Nov 2015

(MENAFN) Islamic financial institutions in Oman have resilient projections for a healthy and robust growth throughout the remaining of this year and 2016, according to the latest data.

These confidant forecasts can be mainly attributed to the growing turnout for Sharia-compliant financial products, thus they managed to raise the value of the finance provided by them.

All this solid performance comes in spite of the challenges facing the financial institutions this year due to the plunge of oil prices and its negative impacts on credit and money markets.

Moreover, the Islamic banks have focused on applying more training programs to boost employees’ knowledge of the Sharia-compliant financial trades and spread public awareness about Islamic banking.

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