| Kippreport.com

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Oman may issue sukuk

October 31, 2011 10:47 by Reuters

Zadjali was speaking at a financial forum in Kuwait. Oman opened its doors to Islamic banking in May this year, after previously deciding not to introduce it.

The central bank chief also said inflation in Oman was stable and would be around 4 percent this year.

Inflation accelerated to 5.3 percent year-on-year in August from July’s 4.6 percent, data released this month showed. Analysts said increased social spending by the government appeared to have fuelled a spike in the cost of some items.

Tags: Banking & Finance, central bank of oman, Islamic Banking Oman, Kuwait financial forum, Oman, sukuk