Wadi Al Hajer a magnet for tourists

MUSCAT: Islamic banking entities provided financing to the extent of RO 3.5 billion as at the end of September 2018, an increase of 20.7 per cent over RO 2.9 billion a year ago, according to the bulletin published by the Central Bank of Oman (CBO)
Total deposits held with Islamic banks and windows registered an increase of 10.7 per cent to RO 3.1 billion in September 2018 from RO 2.8 billion outstanding during the same period last year.
The total assets of Islamic banks and Windows combined amounted to RO 4.3 billion and constituted about 13 per cent of the banking system assets as at the end of September 2018.
With regard to monetary aggregates as at the end of September 2018, narrow money stock (M1), when measured on year over year (YoY) basis, increased marginally by 0.8 per cent to RO 5.1 billion, according to the bulletin released by the Central Bank of Oman (CBO).
Quasi-money (Rial Omani saving and time deposits, certificates of deposit issued by banks, margin deposits and foreign currency denominated deposits) registered an increase of 3.4 per cent during this period.
Broad money supply M2 (M1 plus quasi-money) stood at RO 16.5 billion, recording a YoY rise of 2.6 per cent as at the end of September 2018. — ONA