Oman’s Islamic finance sector surges with regulatory boost

Oman is experiencing a surge in its Islamic finance and banking industry, driven by new regulations and a supportive regulatory framework. The sector gained momentum in 2011 when a royal decree authorised its operations. The Central Bank of Oman (CBO) then introduced the Islamic Banking Regulatory Framework (IBRF) in 2012, followed by the establishment of […]

Moody’s, Oman Banks host roundtable on Islamic Finance

Oman Banks Association and Moody’s Investors Service jointly organized an Islamic Finance Roundtable with a cooperation with the Central Bank of Oman (CBO) on October 19, 2023 in Muscat. The event brought together about 60 participants representing financial sector regulators, senior representatives of Islamic and conventional banks as well as other financial sector sides in […]

ALIZZ ISLAMIC BANK SHARI’A SUPERVISORY BOARD HOLDS ITS MEETING

The Shari’a Supervisory Board (SSB) of Alizz Islamic Bank held its fourth meeting for the year 2023 at the bank’s headquarters in the Central Business District of Ruwi, in the presence of the Chairman of the Shari’a Supervisory Board, Sheikh Dr. Essam Al Enezi and the other members of the SBB as well as Mr. […]