07.08.2012 - Clifford Chance submits Takaful, Sukuk law draft in Oman
UK law firm Clifford Chance has submitted draft proposals for legislation to cover Takaful and Sukuk in Oman. The firm had been appointed to set out a legal framework for the Shari’ah-compliant instruments by Omani regulator the Capital Market Authority (CMA). Abdullah bin Salem al Salmi, executive president of CMA, said the rules covering Takaful will be a completely new set of legislation while amendments will be made to the existing Capital Markets Law to accommodate Islamic debt instruments...............................................Full Article: Source
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