Oman readies sukuk draft rules, weighs funding options
Oman’s Capital Market Authority is preparing to publish rules on sukuk issuance as the sultanate considers making a sovereign debut. The CMA has finalised draft regulations and will post the proposed framework on its website for public consultation.
Omans government is looking at sukuk as one way to help finance the $30bn of infrastructure projects to which it has committed. Oman has pushed ahead with introducing Islamic banking since a royal decree last year authorising Shariah compliant financial products in the sultanate.
In August last year,
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