Oman’s new regulatory and legal framework for Islamic banking and finance should be completed by the end of this year.
“We are building a legal and regulatory framework in consultation with the banking community. This is headed by a Special Committee who has been working on this with a top international consultancy firm for the last six months to come up with the appropriate framewrok,” explained Hilal Ali Saud Al-Barwani, vice president, Banking Control and Legal Department, Central Bank of Oman, in an interview………………………………………..Full Article: Source