SHARIA BANKING
OMAN

OMAN SHARIA BANKING OMAN ISLAMIC BANKING FINANCE


OMAN ISLAMIC BANK MURABAHA MUDARABA

In Oman, sharia-compliant banking currently accounts for a marginal share of the Omani financial sector. Recent estimates expect that Islamic financial assets in Oman could reach more soon.

Oman is preparing the legal framework for Islamic finance products such as the issuance of Islamic bonds (Sukuk) and in order to help financing Oman's SME it will promote Sukuk, Takaful (Islamic insurance) and halal microcredit.

Currently, Oman has a number of fully operational Islamic banks which serve retail and islamic corporate banking offering halal financing products such as Ijara, Ijara-wa-iqtina, Mudaraba, Murabaha and Musharaka.


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