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Oman's cenbank reviews Islamic banking operations

The meeting was chaired by Shaikh Dr Kahlan al Kharoosi and attended by all its members.
High Sharia Supervisory Authority (HSSA) made detailed deliberations on the issues presented to it, covering various Sharia'a aspects relating to the Islamic banking business in Oman and gave its opinions in light of the discussions.
In addition, High Sharia Supervisory Authority (HSSA) met with members of the Sharia'a supervisory boards (SSBs) of Islamic banks and Islamic banking windows of conventional banks. The meeting discussed the progress of Islamic banking in Oman, challenges faced by the industry, need for market awareness and key role of SSBs in training and awareness of Islamic banking, a CBO statement said.

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