Oman’s Islamic Banking Performance amidst Covid-19 Outbreak: Prospects and Challenges

Covid-19 pandemic forced Islamic banking in Oman to slow down and change strategies adapting the current situation. The outbreak has raised various challenges for banking. In order maintain sustainable growth of industry, stakeholders should strive collectively solve these challenges. Nevertheless, was able manage capital liquidity buffers. 2021 is expected remain stable at least a single-digit growth. However, there would be asset-quality profitability pressure banks within Sultanate Oman. This paper highlights performance amid outbreak. demonstrates that industry merely recorded compared last seven years double-digit due pandemic. further delineates on prospects Banks Entities (IBEs). It also suggests some practical solutions survival. contributes providing an alluded picture conditions situation as well insights deal with enhancing performances during