Raya Financing accelerates growth in Saudi Arabia
Net profit after Zakat increased by 73% to SAR 40.3 million, while operating profit before Zakat and expected credit losses reached SAR 99.3 million...
Tag : Capital Market Authority
Oman’s appetite for Islamic finance products is growing
Islamic banking assets in the Gulf nation are projected to reach 10% of total banking assets by 2018 Camille Paldi March 31, 2016: In the Oman Vision 2020 framework issued by the government, the country proclaimed that it is determined to reduce its dependency on oil revenues through diversification of the economy. Al Maha Financial...