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Oman’s central bank mulling short-term Islamic finance instruments

: Sunday, May 11 - 2014 @ 00:33

Oman’s central bank is to float a tender seeking advisory service from consultancy agencies, as it seeks to issue short-term Islamic finance instruments to help Shari’ah-compliant institutions to park their excess funds within the country, Times of Oman has reported. The winning consultancy firm will help the apex bank in choosing the type of instruments suitable for the market. The banking regulator has already formed a committee to speed up the process.

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Sunday, May 11- 2014 @ 0:33 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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