Oman
Draft Sukuk Regulation Presented By Capital Market Authority For Public Consultation

Muscat: In keeping with their approach of community partnership, the Capital Market Authority (CMA), shared the Draft Sukuk (Sharia Law compliant financial bonds) and Bonds Regulation on their website and invited inputs and comments from all public joint-stock companies, audit firms, law firms, investors, academicians, interested persons, and the general public.
The draft regulation came as a response to the rapid legislative developments in the capital market since the issuance of the Commercial Companies Law in 2019 and the Regulation for Public Joint Stock Companies early this year. These laws and regulations were designed to enhance the readiness of the legislating regime to cope with the global economic developments and changes, further to standardisation of the rules of Sukuk and bonds markets, in order to improve the efficiency of such debt instruments towards the betterment of the national economy. This will also contribute to the creation of an appropriate credit environment to finance the development projects of the government and the private sector.
The draft regulation aims to regulate the issuance of bonds and Sukuk by adding a set of detailed clauses prepared by a specialized work team constituted by the CMA for more resilience to ease the processes of issuance of bonds and Sukuk as financing instruments.
-
OER Magazines2 months ago
OER, July 25
-
Alamaliktistaad Magazines2 months ago
Al-Iktisaad, July 25
-
News2 months ago
OpenAI Strengthens ChatGPT’s Mental Health Safeguards Ahead of GPT-5 Launch
-
Energy2 months ago
SOHAR Port and Freezone Signs MoU to Develop Natural Hydrogen Value Chain in Oman
-
OER Magazines3 weeks ago
Dossier – ToP 25 Personalities 2025
-
Banking & Finance2 months ago
Strong Performance and Strategic Approach: ahlibank announces Its Financial Results for the First Half of 2025
-
Economy2 months ago
Najla Zuhair Al Jamali Appointed President of bp Oman
-
News1 month ago
Ooredoo Wins Silver Stevie® Award for Diversity and Inclusion Excellence