Omantribune
Oman Tribune
Omantribune
Omantribune Search News
Web Oman
    Google Search Button
      Tribune
- Oman
- Soccer World Cup
- Other Top Stories
- Middle East
- Business
- Sports
- India
- Pakistan
- Asia
- Europe
- Americas
- Columnists
- Editorial
- Oman Mirror
- Special Features
- Cinema
- PDF Pages
- Weather
- Travel
- Currency Rate
- Hospitals
- Pharmacies
- Services
- Flight Timings
- Museum Timings
Omantribune Home Omantribune About Us Omantribune Advertising Information Omantribune Archives Omantribune Subscribe-Form Omantribune Jobs Omantribune Contact Us
Wednesday, July 23, 2014  

Survey on Takaful insurance conducted
MUSCAT The Capital Market Authority (CMA) surveyed the opinions of the insurance companies, the auditing firms and legal consultancy offices on the contents of the primary draft of the Takaful Insurance Law, which has been drafted after issuance of the royal directives of His Majesty Sultan Qaboos Bin Said to start Islamic banking in the Omani banking sector; which requires long-term Islamic funding tools and Takaful insurance.

The CMA researched and studied the legislative, audit and procedural tools related to the finance tools that are compatible with the tenets of the Sharia and prepared the initial draft for the regulations that regularise the tools of the capital market and insurance.

The CMA published the initial draft on its website for two weeks to enable the insurance companies and other respective agencies to review the laws and regulations that regularise the Takaful insurance products.

This step comes within the policies of CMA which seek to benefit from the visions of the respective agencies to ensure having fair and flexible legislations that promote the efficiency of the Omani insurance sector.

Oman News Agency
NEWS UPDATES
Oman
NDC marks graduation of defence course batch
Sultanate, Japan hold talks to boost relations
ROP warns against use of firecrackers
OCCI hosts Futaisi
68m-rial road projects awarded in ’14
Other Top Stories
Israel onslaught leaves no place safe for Gazans: UN
15,000 displaced after Boko Haram raid in Nigeria
Slow progress in N-talks worries IAEA
‘Casablanca’ piano to be put up for sale in NY in Nov.
HM gets greetings for Renaissance Day
India
Pak firing at positions on LoC leaves soldier dead
IAS couple sacked after finding illegal assets worth $58.83m
Proposal to set up anti-terror hub shelved
Prasad blames UPA in judge row, Parliament rocked
232 teeth extracted from teen
Plan afoot to set up centres to help women distress callers
Middle East
Yemen Al Qaeda in bid to set up ‘emirate’
16 die as militias clash with troops in Benghazi
Mers virus found in Saudi camel barn air samples
Five girls injured in Pak acid attacks
Asia
Widodo clinches Indonesia poll with 53pc votes
China meat scandal hits US chains
S. Lanka probes gang rape of girl by sailors
Business
Five Omani banks get stable rating from Fitch
Apple asks suppliers to make 80m large-screen iPhones by year end
HSBC Oman logs 5.7m-rial profit in first half of year
S. Arabia to open up bourse
Sensex soars 311 points, crosses 26,000 mark
Axis Bank net rises 18%
Apple stocks turn sour for fund managers
ARM posts 9% rise in second quarter profits
Iata calls for review of global airspacesc
Credit Suisse posts huge loss as US tax evasion fine bites
Europe
Putin vows to aid crash probe
France defies US, Britain to sell warship to Russia
Turkey arrests dozens of top cops for wire-tapping, forgery
British probe finds efforts to enforce radical Islam on schools in Birmingham
Sports
Friendly city set for Friendly Games
Pakistani wrestlers rule out chances
Cook comes under fire to step down
Indian PM, Sachin praise Sharma’s heroics
Cook will never improve: Ponting
Real sign Golden Boot Rodriguez
World Cup in Qatar will not be held in summer: English FA chief
Rogers claims maiden stage victory
Zadran’s quick-fire 24 seals Afghanistan win
MOD70 Musandam-Oman Sail geared up for UK race

Sports


International

© 2013 Oman Tribune. All rights reserved. Best viewed in 800 X 600 resolution