Abdullah bin Salem bin Abdullah Al Salmi, Executive President of the Capital Market Authority (CMA) told reporters, “The draft law has been finalised. It will go to the cabinet and then to the Ministry of Legal Affairs and to Majlis A’Shura and Majlis Adawla. We hope that this process will not take long.”
Takaful insurance firms will be required to have minimum capital of OMR 10 million and be a separate entity, unlike a window operation in the banking sector………………………………………..Full Article: Source