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
Friday, November 21, 2014  

CMA finishes work on Sukuk regulations
MUSCAT The Capital Market Authority (CMA) has completed the initial draft of the regulatory bylaw of the Islamic Sukuk.

CMA started getting feedbacks from the respective stakeholders at the public sector, companies operating in stocks, audit office, legal consultancy firms, experts, academics and public on the provision of the draft regulations, which were drafted by CMA after His Majesty Sultan Qaboos Bin Said issued his Royal Directives, which allow the introduction of Islamic banking in the Omani banking sector.

The regulatory bylaw was issued after CMA had studied the legislative, audit and procedural areas related to financial tools that are in line with the sharia rules. It also prepared the initial draft of the regulations and legislations needed to regularise the capital market and insurance sector. Within this framework, the initial draft is published on the CMA website for three weeks to give the respective departments the opportunity to review the Islamic Sukuk regulatory bylaw.

The move comes within CMA’s policy to benefit from visions of the respective agencies and ensure flexible legislations that promote the efficiency of the Omani capital market.

Oman News Agency
NEWS UPDATES
Oman
Sultanate embassies mark National Day
GCC-Stat conveys N-Day greetings
OCI extends help to 2,000 poor in Gaza Strip
Rawiyah, Evan discuss ties
Bank Sohar fetes cyclist who toured region to praise HM
Fahd receives Moroccan official
Middle East
Israel demolishes home of Palestinian in tram attack
5 killed in car blast in Iraqi Kurdish capital
Spanish MPs call for recognising Palestine
Tunisia rappers, media fear censorship after poll
Baghdad, Kurds reach oil deal
Business
Brent crude climbs above $79 on hopes of Opec output cut
Cyber attacks to become more sophisticated
WhatsApp starts encrypting users messages
Shell wins $3b Indian tax row over transfer pricing
M&M gets nod to sell Australian planes in India
Indian rupee hits 8-month low on higher dollar demand
Asian bankers’ conference begins
S. Arabia oil policy uncertainty unleashes conspiracy theorists
Falling oil prices to keep drilling costs lower
Sports
South Africa succumb to Finch-hitting
Oman do well in Beach football
Srikanth and Sindhu win to advance
Ronaldo-Messi duel ends in damp squib
Injured Federer hopeful of making Davis final
F1 showdown could spell double trouble
‘Abu Double’ is artificial: Prost
Bryant reaches NBA career milestone
Delhi down Mumbai to win second straight tie in CTL
Bhupendra excels with bat and ball for ISM against ISWK

Sports


International

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