Banking & Islamic Finance

Oman Banking 2013
Backed up by strong macroeconomic fundamentals and the sultanate’s reputation for stability and sound financial management, Oman’s banking sector has been remarkably resilient in recent years. The sector has registered good growth in the face of market volatility linked to the Arab Spring and the eurozone crisis. Going forward, banks are now entering a period of substantial change. In 2013, Islamic banks will enter the field for the first time, bringing heightened competition for deposits and loans, while also bringing wider choice for Omani individuals and businesses. Indeed, with competition set to increase, conventional banks are now focusing on expanding into Islamic banking, opening dedicated branches for sharia-compliant financial services. This is set to bring a wider range of products and services within the sector. This chapter includes an interview with Hamood bin Sangour bin Hashim Al Zadjali, Executive President of the Central Bank of Oman (CBO).
Cover of The Report: Oman 2013

The Report

This chapter is from the Oman 2013 report. Explore other chapters from this report.

Interviews & Viewpoints

Sketch of Hamood bin Sangour bin Hashim Al Zadjali, Executive President, Central Bank of Oman (CBO)
OBG talks to Hamood bin Sangour bin Hashim Al Zadjali, Executive President, Central Bank of Oman (CBO)