Oman’s Inaugural OMR 25 Million Retail Sukuk Issuance is Credit Positive for Islamic Banking: Moody’s

Moody’s Investors Service (Moody’s) has stated that the Government of Oman’s recently announced Sukuk issuance for retail investors is credit positive for the sultanates’ Islamic banks and Islamic banking windows of conventional banks, according to a sector comment report, as reported by local media.

Oman’s Ministry of Finance announced an OMR 25 Million Sukuk issuance on the 10th of November 2020, which is the first issuance available to retail investors. The public offering, which is Series 5 of the OMR Sovereign Sukuk Programme, has a two-year tenure set to mature on the 24th of November 2022, with a 4.75% profit rate and minimum subscription of OMR 100, according to the Series 5 Soverei...