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Islamic banking rules being finalised in Oman

Oman's central bank has proposed amendments to the country's banking law to the concerned authorities to provide for the conduct of Islamic banking and we look forward to early finalisation, Times of Oman has reported. The bank has also formulated a draft Islamic Banking Regulatory Framework which will provide a comprehensive working platform/unique model based upon sound and best practices, said Hamood Sangoor Al Zadjali, the bank's executive president.