Oman

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20.953103726341, 57.392578125

Islamic Finance and Social Investment Forum, Muscat, Oman, 21 February 2017

I got to add a new country to my list this week, as the invited speaker and moderator for this very interesting meeting organized by the World Bank Group, the WSF, and the Islamic Development Bank of Oman.  Oman, like many of the GCC countries, is facing a transition from an oil dependent past to a future requiring greater diversity in its economy, and a more substantial contribution from the private sector.  With a larger population, and much smaller expatriate population than many of its neighbors, Oman may be feeling a greater urgency to make this transition, particularly following the o

ADFIAP 2019

For this edition of the annual meeting, ODB and the ADFIAP leadership have chosen the theme, “DFI’s Role in National Development” to highlight the various programs and undertakings of DFIs in the development of entrepreneurship, infrastructure, technology, and initiatives for climate action.

Omani banks allowed to consider one per cent of non-funded credit for SME funding

Omani commercial banks can consider their non-funded credit to the extent of 1 per cent as part of the compulsory 5 per cent minimum credit for small and medium enterprises (SMEs).
Non-funded credit is extended by commercial banks to small units by way of letters of credit (LCs) for imports or guarantees for government projects.

Alizz islamic bank launches services for established small and medium enterprises

As part of Alizz islamic bank’s dedication and commitment to provide Sharia’a-complaint financial solutions to both retail and corporate customers, the bank has recently launched its all-new SME banking segment.

The bank believes that SMEs will be the key driver of sustainable economic growth in Oman. Alizz islamic bank’s SME banking will include a comprehensive portfolio of financial services designed to address the growing needs of the sector.

Islamic Banking Thriving in Oman

Islamic banking in Oman is expected to grow at double-digit rates as sharia-compliant banking products increasingly gain acceptance and the government's plans to ease restrictions come to fruition. Launched in 2012, Oman's nascent Islamic banking segment saw assets surge more than fivefold to OR1.1bn ($2.86bn) at the end of the second quarter of 2014, according to a study by Thomson Reuters. Within Islamic finance, lending to small and medium-sized enterprises (SMEs) is identified as a key sector for growth.

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