Oman’s Islamic finance market to hit $40bn in medium-term: Fitch – Muscat Daily

Oman’s Islamic finance market is projected to reach $40 billion in the medium-term, according to Fitch Ratings. The growth in Islamic finance in Oman reflects the increasing demand for Sharia-compliant financial products and services in the country. Fitch’s optimistic outlook on the market indicates a positive trend towards the expansion of Islamic finance in Oman. This growth is expected to benefit both consumers and businesses in the country, as they seek alternative financial solutions that comply with Islamic principles. Overall, the future looks promising for Islamic finance in Oman.