CBO formulating standards for Islamic banking sector

Central Bank of Oman is in the action of composing a central national committee for determining the legal regulations and standards for Islamic banking in the country.
H E Hamoud al Zadjali, CBO executive president, stated that coordination with Grand Mufti's Office has already begun. He added that the bank will pursue efforts for crystallising the Islamic banking sector within a legal regulatory environment.

You may also like...