The proposed Islamic finance institutions, which are set to start operations in the country, is expected to face challenges in view of lack of skilled people and awareness among general public, said a top-level official of the Capital Market Authority (CMA).
Addressing the inaugural function of a two-day workshop on Islamic banking organised by Crowe Horwath here, Abdullah bin Salem Al Salmi, executive president of CMA, said since the whole concept of Islamic banking is new to both regulators and operators in Oman, organisations may find it difficult to get skilled professionals to draft Sharia law for Islamic banks and takaful insurance companies………………………………………..Full Article: Source