Tuesday 24 December 2024
 
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Oman central bank

Oman central bank sets up Islamic banking unit

The Omani central bank has established an independent department to handle Islamic banking, it said, in a step expected to help further growth of the country's fledgling sharia-compliant finance industry. Oman was the last cou

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Oman cbank sets up Islamic banking department

The Omani central bank has established an independent department to handle Islamic banking, it said on Wednesday, in a step expected to help further growth of the country's fledgling sharia-compliant finance industry. Oman was

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GCC 'unaffected by Europe debt crisis'

Gulf states should be largely unaffected by the euro zone debt crisis as their banks have minimal exposure to the bloc's debt, the head of Oman's central bank said, though he warned that they would not be immune to a broader global slowdow

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Oman March money supply, foreign assets up

Omani money supply increased for the fourth month in a row to RO8.275 billion ($21.5 billion) in March, reflecting a similar growth with the central bank foreign assets, the central bank said on Sunday. Money supply measured as M2 stood at

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