The infusion of technology into Islamic banking in Oman is reshaping the sector, enhancing accessibility and adhering to Sharia-compliant finance principles. Key developments include mobile banking, digital customization, fintech collaborations, contactless payments, and the adoption of blockchain and cryptocurrency. This digital evolution caters to tech-savvy customers and promises a future where Islamic banking is both innovative and in alignment with Islamic finance principles.
- October 18, 2023
Oman's financial landscape is rapidly evolving with a significant shift towards digital payments, led by the Central Bank of Oman's National Payment System. This transformation promotes economic growth and prosperity by ensuring scalability, real-time transactions, improved security, and transparency.
- October 13, 2023
Today, Oman is making headway towards a digital economy to achieve its Vision 2040. Banks are at the forefront of this transformation, increasingly adopting NextGen technologies to improve operational efficiency, enhance customer experience, and expand their reach.
- October 4, 2023
