The Islamic Banking Regulatory Framework was issued on 18th December 2012. It allowed to undertake Islamic banking activities in Oman. Critically evaluate the Islamic Banking models adopted in Oman to deliver Islamic Banking products and services to their customers with their effectiveness and discuss how they differ from conventional banks. Your answer should also discuss the role of CBO in regulating these banks.

Answer rating: 100% (QA)

The Islamic Banking Regulatory Framework issued on December 18 2012 in Oman marked a significant development in the countrys financial sector by allowing the establishment and operation of Islamic ban... View the full answer