Oman Sultani Decree No. 2/2025 On the Promulgation of the Banking Law
Abrogates
Oman Sultani Decree No. 114/2000 dated 13/12/2000
We, Haitham bin Tarik, Sultan of Oman;
After perusal of the Basic Statute of the State;
The Commercial Law promulgated by Oman Sultani Decree No. 55/1990;
The Banking Law promulgated by Oman Sultani Decree No. 114/2000;
The Anti-Money Laundering and Counter-Terrorism Financing Law promulgated by Oman Sultani Decree No. 30/2016;
The National Payment Systems Law promulgated by Oman Sultani Decree No. 8/2018;
The Commercial Companies Law promulgated by Oman Sultani Decree No. 18/2019; and
The Bankruptcy Law promulgated by Oman Sultani Decree No. 53/2019; and
Based on the public interest requirements;
Have decreed the following:
Article 1
The provisions of the attached Banking Law shall come into force.
Article 2
The Central Bank of Oman shall issue the necessary regulations, decisions, instructions and circulars for implementing the provisions of the attached Law. Pending issuance thereof, the existing regulations, decisions, instructions and circulars shall remain in force to the extent that they do not contradict the provisions of the attached Law.