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Oman's draft regulations on Sukuk ready.

Oman Daily Observer reports that draft regulations for the issuance of Sukuk have been finalised by the Capital Market Authority (CMA) ahead of their proposed publication for public consultation.

The proposed framework is to be posted on the CMA website (http://www.cma.gov.om) for public consultation. Khalid Yousaf, Director - Islamic Finance Advisory Services, KPMG Oman, told the newspaper that he expected the Omani Government itself would issue Sukuk, noting that, "Government and quasi-government institutions take the lead in Sukuk financing. Out of total Sukuk outstanding of $103 billion, $65 billion has been issued by Government institutions... With a commitment to $30 billion in infrastructure projects already, the government of Oman is very likely to issue Sukuk to finance some if not all of their projects in future."

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Publication:CPI Financial
Date:Oct 6, 2012
Words:143
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