Corporates in Oman poised to float sukuk

Oman’s corporate sector is anticipated to come out with sukuk or Islamic bond issues to carry out their funding requirements, once the market watchdog Capital Market Authority (CMA) issues regulations.
Ahmed bin Saleh Al Marhoon, director-general of the Muscat Securities Market (MSM), stated that Al Madina Real Estate Company had approached CMA for floating sukuk last year, but because of the fact that sukuk was not permitted at that time, they didn't get the acceptance.