IslamicFinance.de

Oman's government may issue an international sovereign bond and an Islamic bond next year, its central bank chief Hamood Sangour al-Zadjali said. He did not provide details on the size of the bonds, however. While Oman aims to develop its fledgling Islamic finance industry, a debut issue of sukuk by the government would be a major step towards that. Zadjali also said Oman planned a domestic issue of government development bonds worth 100 million rials ($260 million) in the fourth quarter of this year. The procedes will be used for development purposes as well as for projects. Oman's banking sector is expected to grow 15-20 percent this year in terms of assets.