An Omanese real estate firm is expected to announce its plans to raise funds by way of an Islamic debt instrument or sukuk. It was reliably learnt that Tilal Development Company, which developed the Muscat Grand Mall, will announce their sukuk plan.
But it is not clear whether the company is raising money from within Oman or from some other GCC countries since the regulations are not in place. The Capital Market Authority is yet to announce the regulation for takaful firms and sukuks. Further, those attending the forum will be privy to strategic alliances and MoU signings which will be of direct impact to the Islamic finance community in Oman………………………………………..Full Article: Source