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Oman: Islamic banking regulation expected at any time: CBO

Posted on 18 September 2012

The much-awaited regulation for Islamic banks and window operations of conventional banks will be announced through a Royal Decree at any time.
“It can come at any time. The Majlis A’Shura and Cabinet have already cleared the new regulation and now we are waiting for a Royal Decree, which can come at any time,- Central Bank of Oman Executive President Hamoud Sangour Al Zadjali, told Times of Oman over phone. It appears that the Royal Decree is for amending certain clauses to incorporate Islamic banking business………………………………………..Full Article: Source

 
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