IslamicFinance.de

Oman's Bank Nizwa recently hosted a special dinner event for local Treasury Dealers and Financial Institution managers. With over 60 guests the gathering was a networking opportunity for industry professionals to share views and discuss the latest trends of Islamic finance. Islamic banking in Oman has shown robust growth with Islamic banking entities providing financing to a record of RO 4 billion by the end of 2019, a growth of 11%. Since its initiation in December 2012, Islamic banking now constitutes 13.9% of the overall Oman banking system assets. Bank Nizwa has been organizing such events to clients with other participant banks and financial institutions on a variety of important topics. The bank has partnered with IFN and Takaful Oman to raise awareness over Islamic finance services by organizing specialized forums and seminars across Oman.