01
Document overview
Organises requirements for full-fledged Islamic banks and Islamic windows, including licensing, governance and Shari'ah supervision, accounting and audit, regulatory capital, credit, market, operational and liquidity risk, disclosure and CBO supervision.
02
Scope and exclusions
Applies to
Applies to CBO-licensed Islamic banks and Islamic windows to the extent it remains operative after BM/REG/56/4/2019, Banking Law 2/2025 and subsequent circulars.
Limitations and exclusions
The 2012 document is not a standalone consolidated rulebook: the current statute, the 2019 Regulation and later binding CBO instruments prevail where relevant, and capital and risk metrics require date-specific verification.
04
Official source
CBO Circular IB 1 · issued 18 December 2012 · retained in CBO's current Islamic-finance framework page · Central Bank of Oman
September 13, 2026
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