Islamic Banking in Oman Surges to RO 9.3 Billion: What This Growth Means for Investors and Entrepreneurs
MUSCAT: By the end of November 2025, the total assets of Islamic banks and Islamic windows in Oman reached approximately RO 9.3 billion, representing 19.4 percent of the banking sector’s total assets. This marks a 12.3 percent growth compared to the same period in 2024.
Data from the Central Bank of Oman revealed that outstanding financing extended by Islamic banks and windows increased by 10.3 percent, reaching around RO 7.5 billion.
Additionally, deposits held by Islamic banks and windows rose by 10.9 percent, totaling approximately RO 7.3 billion by the end of November 2025. — ONA
Special Analysis by Omanet | Navigate Oman’s Market
The robust 12.3% growth in Islamic banking assets to RO 9.3 billion signals a strong and expanding appetite for Sharia-compliant financial services in Oman. For businesses, this trend offers opportunities to leverage Islamic financing for growth, while investors should consider the rising sector’s potential as a resilient, alternative asset class amid evolving market dynamics. Entrepreneurs tapping into Islamic finance frameworks may gain a competitive edge in a market that increasingly prioritizes ethical and compliant financial solutions.
