05.10.2011 - No plan to form national Sharia board: Sangour
The Central Bank of Oman (CBO) is not planning to set up a national-level Sharia board to regulate the proposed specialised Islamic banks and window operations of commercial banks, said the executive president of the apex bank. “Most probably, we will be asking the individual banks to set up separate boards and will depend on them to take the right judgement on devising (Sharia-compliant) products. We will keep the banks to be responsible for their actions,” Hamoud bin Sangour Al Zadjali, executive president of CBO said..............................................Full Article: Source
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