Islamic banking has become a reality

Hamood bin Sangour al Zadjali, Executive President of the Central Bank of Oman (CBO), stated that a team of experts is analyzing the legislative requirements to bring forward integrated legislation for Islamic banking and make necessary adjustments to the provisions of the current banking law.
He added the fact that the introduction of Islamic banks in the country has become a reality since the issuance of approval by His Majesty for the practice of Islamic banking in the Sultanate to the CBO.