Al Khouri stressed that the foundation aims to strengthen its partnerships with government authorities, banks, companies, key sponsors and strategic partners to help mitigate the impact of the pandemic.
Moreover, Islamic banking in Oman has shown robust growth with Islamic banking entities providing financing to a record of RO 4 billion by the end of 2019, a growth of 11%.
The selection process took six months, where ICSFS showcased the most agile software application, embracing high security and scalability, dynamic product building, unified solutions with smooth processes across business lines and a wide range of digital
A seven-year, US dollar fixed-rate benchmark senior unsecured sukuk offering will follow, subject to market conditions, it said.
In September 2019, QIB and Injaz Qatar kicked off the second academic year of the 3-year program, which this year targets 400 students from universities
Long-standing structural impediments to growth remain although, as more corporates tap the sukuk market, potentially including those with weaker credit profiles, legal precedents could eventually be set clarifying creditor treatment in a default.