Oman marks 10 years of Islamic Banking

On December 18, 2012, the Central Bank of Oman issued the Islamic Banking Regulatory Framework. Ten years later, Omani Islamic banking, finance and fintech leaders are gathering on December 29 to recognise what a central bank official described as a nationally “systemically significant” sector. 

Islamic banking encompasses the belief that money should not be made from money, as it is itself without value. Instead, it should be used as a means of exchanging services and products.