How do banks in the sector differ from conventional institutions, and how are they being supported by the Central Bank of Oman (CBO)?
Financial Services
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Interviews & Viewpoints | Khalid Al Kayed, CEO, Bank Nizwa: Interview from The Report: Oman 2018
The Omani insurance market has witnessed robust growth in recent years, which has helped gradually boost penetration rates. As in many countries, compulsory motor insurance has long been the leading branch in the sector, but previously underdeveloped segments, including life and health, are now expanding rapidly; the former has seen significant gains as foreign insurers expand their presence,...
Chapter | Capital Markets from The Report: Oman 2018
The sultanate is home to a well-developed stock exchange, the Muscat Securities Market, which was founded in 1988. The equity market has seen a decline in initial public offering activity in recent years; however, it witnessed a resurgence in 2017 thanks to government-driven offerings, more of which are set to take place in 2018. On the debt side, there has been a recent uptick in issues and...
Chapter | Banking & IFS from The Report: Oman 2018
Oman’s banking sector appears to have ridden out recent economic headwinds largely unscathed. While concerns over liquidity arose in the wake of the oil price slump due to the government’s status as an important depositor, the situation improved in 2017 as the Omani state borrowed from abroad to avoid withdrawing funds or pushing up funding costs through heavy local borrowing. The sector is...
A new wave of reforms including higher shareholding ceilings and lower asset requirements has opened the door wider to foreign investors looking to buy into Saudi Arabia’s capital markets.
Malaysia is increasingly turning its focus towards environmentally friendly Islamic finance, with new product offerings looking to raise capital for sustainable development projects.