Oman: Islamic bank rules by month-end: CBO

A new set of rules and regulations for Islamic banks will be ready until the end of this month.
Ernst & Young was appointed in September to advise the apex bank on formulating a separate set of rules for Islamic banking in the country.
Ernst & Young is analyzing aspects like fixing of lending limits, single borrower limit, writing of rule books, procedures for reporting structure for Islamic banks and formation of Sharia board.