Oman’s Islamic financial institutions are showing robust growth with the value of gross assets touching OMR2.25 billion by the end of 2015, accounting for a 7.45% market share of the total banking industry, said Hamoud Sangour Al Zadjali, executive president of the Central Bank of Oman (CBO). Islamic banks and window operations are expected to ramp up this market share to 10% of the entire banking industry by 2018. Meanwhile, Abdullah Salim Al Salmi, executive president of the Capital Market Authority (CMA), said that takaful (Islamic insurance) institutions in Oman have reported a market share of 8.7%. (Times of Oman)