OMAN: Insurance companies interested in setting up Takaful operations in the sultanate are said to have misgivings on the OMR10 million (US$25.97 million) minimum capital requirement for Islamic insurers. Nassir Salim Al Busaidi, the chairman of the Oman Insurance Association, commented that the minimum capital requirement was too high and is unjustified given the small size of the Takaful industry.