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Islamic Finance Briefing - Categorized | Banking, Compliance, Tax, Legal, Regulatory, Market Moves more

Mixed views on draft CBO guidelines for Islamic banking

Posted on 07 February 2012

The draft Central Bank of Oman (CBO) guidelines for the Islamic banking and finance industry in the sultanate have elicited a mixed response from bankers.

Presented by consultants Ernst & Young (E&Y) to banks on behalf of the CBO, banking executives have praised the compliance safeguards, but have concerns with risk management. BankMuscat, the largest financial services provider in the sultanate, commended the draft guidelines in a press release……………………………………….Full Article: Source

 
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