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FINANCIAL NEWS
Omani Methaaq Islamic Bank receivables grow to OMR902mn
15 May 2017
(MENAFN) Bank Muscat’s Meethaq Islamic financing receivables increased to OMR902mn, compared with the OMR665mn in the same period of last year.
Meanwhile, Islamic banking deposits reached OMR780mn as of March 31, 2017, compared with OMR678mn recorded for the same period of 2016.
Additionally, the bank’s network has increased to 16 branches through the Sultanate, while banking sector in Oman is viewing the consolidation of Islamic banking.
The bank held the second Meethaq Sharia Supervisory Board meeting of the year, controlled by its Chairman, while the board reviewed new products and services being planned.
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MENAFN1505201700450000ID1095478953
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