A successful rolling out of Islamic financial products requires support from all parties concerned and formulation of just rules and regulations alone will not help, Hamoud Sangour Al Zadjali, executive president of the Central Bank of Oman, said.
“Islamic finance cannot proceed just by the rules set by the regulators. It will be the culmination of efforts of all concerned. There should be support, contributions from many and diligence and discipline from all,” he added, while addressing a seminar on Islamic banking organised by KPMG………………………………………..Full Article: Source