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IFN Law Awards 2022

Oman 2018

The enthusiasm for Islamic finance in the Sultanate is almost unparalleled and, coupled with a great thirst for innovation, ingenuity and improvement, we have seen Oman rise rapidly in stature in the regional league of Islamic finance in a relatively short period of time.  From banking to Takaful to Sukuk, the Sultanate has managed to maintain healthy double-digit growth since the formal introduction of Shariah compliant finance less than a decade ago. This is, of course, greatly facilitated by strong support from the regulators. Yet, it isn’t always hunky-dory – there are still bureaucratic kinks to iron out in order to optimize market efficiency.