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Islamic-banking licensing · Regulatory layer

Regulation on Islamic Banking Business

Updates binding rules for Islamic banking business, including licensing forms, Shari'ah governance, internal Shari'ah audit and control, charity accounts, accounting standards, external audit, disclosure and regulatory reporting.

Material typeCBO regulation
Legal branchIslamic-banking licensing
Legal layerRegulatory layer
Source languageCBO-hosted unofficial English translation; the official instrument was made in Arabic
Review dateSeptember 13, 2026

01

Document overview

Updates binding rules for Islamic banking business, including licensing forms, Shari'ah governance, internal Shari'ah audit and control, charity accounts, accounting standards, external audit, disclosure and regulatory reporting.

02

Scope and exclusions

Applies to

Applies to licensed Islamic banks and Islamic windows; pre-existing licences continued subject to regularisation within the prescribed transition period.

Limitations and exclusions

Does not replace Banking Law 2/2025, the continuing parts of the IBRF, HSSA pronouncements or later circulars. The CBO-hosted English version is labelled by the source as an unofficial translation.

04

Official source

CBO Regulation BM/REG/56/4/2019 · issued December 2019 · effective on Official Gazette publication · Central Bank of Oman

September 13, 2026

Open official source ↗

This editorial overview explains the instrument's subject and scope but does not replace the authoritative Arabic text or the current consolidated version.

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