Saturday 24 / January / 2026
Muscat: Broad money supply in the Sultanate of Oman witnessed a growth of 6.4 percent on an annual basis to reach OMR26.4 billion by the end of November 2025.
This increase came as a result of a rise in narrow money by 12.2 percent, and a rise in quasi-money by 4.1 percent, which consists of the sum of savings and time deposits in Omani Rials plus certificates of deposit issued by banks, in addition to margin accounts and all foreign currency deposits in the banking sector.
During the same period, cash in the public increased by 1.9 percent, while demand deposits saw an increase of 14.1 percent.
Regarding the interest rate structure of conventional commercial banks, the weighted average interest rate on Omani Rial deposits decreased from 2.733 percent in November 2024 to 2.498 percent in November 2025, and the weighted average interest rate on Omani Rial loans decreased from 5.667 percent to 5.446 percent during the same period.
The average overnight interbank lending market rate fell to 3.917 percent in November 2025, compared to 4.563 percent in November 2024.
This was a result of the weighted average interest rate on repurchase operations falling to 4.500 percent compared to 5.308 percent during the same period in 2024, in line with the policies of the US Federal Reserve.
Islamic banks and windows
The total assets of Islamic banks and windows combined at the end of November 2025 amounted to approximately OMR9.3 billion, or 19.4 percent of the total assets of the banking sector in the Sultanate of Oman, recording an increase of 12.3 percent compared to the same period in 2024.
Data issued by the Central Bank of Oman (CBO) indicated that the total outstanding balance of financing granted by units engaged in this activity recorded an increase of 10.3 percent to reach approximately OMR7.5 billion.
The data showed that deposits with Islamic banks and windows saw an increase of 10.9 percent to reach about OMR7.3 billion by the end of November 2025.
