Tagged: Central Bank of Oman

Islamic Banking Penetration Could Increase in Oman with Greater Use of Fintech to Serve Clients: Report

March 29, 2021 @ 11:12 pm By Omar Faridi |

Fitch Ratings reports that the Islamic banking ecosystem in Oman is expected to continue growing during 2021-2022 after rather strong momentum last year. This, despite the COVID-19 outbreak and historically low oil prices, Fitch Ratings noted. Islamic financing in the MENA region country expanded by… Read More

Bank Muscat Receives Approval to Launch $100 Million Fintech Investment Program from Central Bank of Oman

December 17, 2019 @ 10:33 am By Omar Faridi |

Bank Muscat, the leading financial services provider in the Sultanate, recently revealed that the Central Bank of Oman has approved the institution’s request to establish a $100 million (appr. OMR38.5 million) nationwide, strategic Fintech investment program. The investment program is reportedly part of Bank Muscat’s… Read More

Read more in: Asia, Fintech | Tagged Central Bank of Oman, financial inclusion, mena, oman