As part of Oman’s entrance into the world of Islamic finance, Islamic insurance, or takaful, is also on course to make its debut in 2012-13. This may have important effects on the wider insurance market, while also increasing choice for Omani consumers.
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Articles & Analysis | Enter takaful: Islamic products can expand both the market and the consumer base from The Report: Oman 2013
Articles & Analysis | Expanding the market: The introduction of sukuk should boost debt activity from The Report: Oman 2013
When the news came in mid-October 2012 that the Capital Markets Authority (CMA) had finalised new draft regulations on the issuance of Islamic bonds, sukuk, this was greeted as an important step in the process towards the creation of a debt market.
Interviews & Viewpoints | OBG talks to Hamood bin Sangour bin Hashim Al Zadjali, Executive President, Central Bank of Oman (CBO) from The Report: Oman 2013
To what extent is the sultanate’s inflation imported, and how is policy being tailored to address this?
Articles & Analysis | Strengthening ties: Expanding trade relationships with regional heavyweights support economic growth from The Report: Oman 2013
Trade is an activity embedded in Omani history, crucial to facilitating the country’s past and present economic successes. In the past five years, Omani exports have seen impressive growth. Although in 2009 they dipped from OR14.5bn ($37.8bn) to OR10.6bn ($27.7bn) due in large part to global economic conditions, exports bounced back quickly. By...
Articles & Analysis | New frontiers: The arrival of Islamic financial services is changing the sector’s landscape from The Report: Oman 2013
One of the most significant recent developments in Oman’s banking sector has been the arrival of Islamic banking, bonds and insurance – some rapidly growing global industries that were previously non-existent within the sultanate. The development of the Islamic financial services sector has been welcomed by many Omanis, while also giving impetus...