Oman’s CMA Receives Feedback on Draft Sukuk Regulation; Includes Clauses on Sustainable and Responsible Investments

In a statement issued on the 4th of August 2021, the Capital Market Authority (CMA) of Oman has announced that they have received the feedback, observations and opinions from stakeholders on the Draft Bonds and Sukuk Regulation. The Draft Regulation includes clauses on sustainable and responsible investments (SRI), which are financing instruments that include but are not limited to the issuance of sustainable bonds and Sukuk for green, blue and social projects, such as Waqf Sukuk.

Why it Matters?

Proceeds of the SRI included in the Draft Regulation will be used exclusively to finance investment projects related to the maintenance and protection of the environment and natural resources, as well as prudent use of energy. In addition, proceeds will be us...