MUSCAT – The board of the Central Bank of Oman approved a new licensing policy for investment banks and private banks in Oman, as part of efforts to diversify financial services, deepen the financial sector and expand financing and investment options to support economic growth.
The decision was taken during the board’s second meeting of 2026, held on Monday at the central bank’s headquarters in Muscat.
The board also approved the general strategy of the Oman Credit and Financial Information Centre and endorsed a policy governing the conversion of Islamic banking windows operated by conventional banks into standalone Islamic banks. The move is aimed at enhancing the efficiency of the Islamic banking sector and supporting its growth and long-term sustainability.
Read More
- Aster Al Raffah Walk Again launches second Robotic Rehabilitation Centre in Oman, expanding advanced Neuro-Rehab access to Sohar
- Dhofar Islamic Credit Cards: Your ideal travel companion this summer
- Bank Muscat strengthens partnership with Oman Football Association as main sponsor of the National Football Team
- GCC asset management reaches $2.7 trillion in 2025 as retail investments surge, BCG says
- Al Wusta showcases 173 projects worth RO 37.5m at media gathering
In another decision, the board approved the participation of the Central Bank of Oman in the official commemorative coin issuance programme for collectors linked to the 2028 Olympic Games, representing Asia.
The board further reviewed a number of reports and briefing memoranda related to the work of the central bank and the financial sector, in addition to discussing other agenda items and taking the necessary decisions, according to the state-run Oman News Agency.
