| Central Bank of Oman (CBO) appoints Ernst & Young to advise it on rules and regulations for Islamic finance following ‘in principle’ approvals for two new Islamic banks and for windows to offer Shari’ah-compliant products.
Ernst & Young is to offer advice on lending limits, rule books, reporting procedures and Shari’ah board formation. The firm will also set out how, for Islamic windows, the central bank will be able to ensure clear demarcation between conventional finance and Islamic finance assets..............................................Full Article: Source
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