High Sharia Supervisory Authority hold meets at CBO

Muscat: The High Sharia Supervisory Authority at the Central Bank of Oman (CBO) held a meeting at the CBO premises on under the chair of Sheikh Dr Kahlan bin Nabhan Al Kharoosi.
During the meeting, the authority made detailed deliberations on the issues presented to it.
The Authority also deliberated on current challenges of Islamic Banking Entities (IBEs) with regards Wakala bil Istithmar Mode, in addition to other issues submitted by the Licensed Banks, and gave its opinions and observations on these issues in the light of discussions.
The Authority viewed a follow-up report on the actions taken on the issues discussed during the previous meeting.