Oman Decision No. 171/2021 On the Establishment of the Supreme Sharia Supervisory Board at the Capital Market Authority and the Issuance of Its Functioning System
Based on the Takaful Insurance Law issued by Oman Sultani Decree No. 11/2016;
Based on the approval of the Board of Directors of the Capital Market Authority; and
Based on the requirements of the Public Interest;
The following has been decided:
Article 1
The Capital Market Authority shall establish a board named “Supreme Sharia Supervisory Board” and the attached provisions shall apply to the functioning system thereof.
Article 2
The present Decision shall be published in the Official Gazette and shall come into force from the day following its date of publication.
Issued on: 22 Jumada Al-Awwal 1443 H.
Corresponding to: 27 December 2021
Sultan Bin Salem Bin Saeed Al Habsi
Minister of Finance
Chairman of the Board of Directors of the Capital Market Authority
This Decree was published in the Official Gazette of the Sultanate of Oman, Issue no. 1423 dated 02/01/2022, page 74.