Diversification of Islamic Financial Instruments
140
Figure 19: Share of Islamic Banks in Total Banking Credits in Oman
Source: Created by Author
Figure 20: Share of IBs in Total Banking Deposits
Source: Created by Author
The projection is based on Oman's solid operating and regulatory environment, which is
expected to increase general credit demand and the appeal of Islamic banking. The Islamic
Banking Regulatory Framework (IBRF) is a detailed and comprehensive document covering all
aspects of Islamic banking. The framework has been well received in the international fora and
2,8%
5,9%
8,9%
11,0%
0%
2%
4%
6%
8%
10%
12%
Dec 13 Dec 14 Dec 15 Dec 16
% of Total Credits
1,1%
3,8%
7,9%
10,6%
0%
2%
4%
6%
8%
10%
12%
Dec 13 Dec 14 Dec 15 Dec 16
% of Total Deposits