Oman Set to Make Third Offering Under its Sovereign Sukuk Programme: Ministry of Finance

Oman’s Ministry of Finance has stated its intention to launch the third issuance of a sovereign Sukuk denominated in OMR, under the framework of its sovereign sukuk programme that was revealed in 2019.

Why it Matters?

The issuance is anticipated to contribute to promoting the speedy growth of the Islamic financial sector in Oman. It also forms a part of the Government of Oman’s strategy to deepen the capital market and increase its scope, allowing the sector to play a greater role in the country’s economic growth.

Details

The Ministry of Finance has appointed Bank Muscat’s Islamic window to manage the issuance which can be subscribed via all licensed banks operating in the country. The Sukuk...