Question: Task 2: Answer the following questions (14 marks). 1. The Banking sector is the lifeline of any economy in the world. The Banking Law of

Task 2: Answer the following questions (14 marks). 1. The Banking sector is the lifeline of any economy in the world. The Banking Law of Oman was issued vide RD 114/2000 on 13 December 2000. You are required to state the objectives of the Banking Law of Oman? (8 marks) 2. "Islamic Banking Regulatory Framework was issued on 18th December 2012 which permitted the undertaking of Islamic banking activities in Oman using specific structures. You are required to explain the different structures used by Banks in Oman to Offer Islamic Banking products and services. (6 Marks) Requirements 1. Detailed guidelines on references and bibliographies are available on the Front Sheet. You are strongly encouraged to familiarise yourself with this prior to completing your report. Failure to include proper references will result a deduction of marks

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