Oman’s Alizz Islamic reports quarterly loss
Oman’s Alizz Islamic Bank has reported a net loss of OR1.47m for the quarter ended March 31, 2014, compared with a net loss of OR3.23m at the end of December 2013, Muscat Daily has reported. “The bank continued to grow its market share both on consumer and corporate banking. During the quarter ended March 31, 2014, the financing portfolio reached OR20m, compared with the previous quarter of OR4m. The bank’s deposits base also increased to OR3m,” the Shari’ah-compliant lender said. The bank’s total assets rose slightly to OR100.4m as of March 31, 2014, compared with OR99.7m as of December 31, 2013.