Muscat, A kick off meeting for the Islamic Liquidity

Management Project was held between the Central Bank of Oman

(CBO) and Thomson Reuters at the CBO premises.

This meeting comes in light of the selection of Thomson Reuters to

develop innovative solutions and tools for liquidity management in the

Islamic banking sector in accordance with Sharia and Islamic rulings.

The issue of liquidity management is one of the primary challenges

facing the Islamic banking sector at present, due to several reasons,

including the high liquidity levels with the Islamic banking entities

compared to the conventional banks, with no options to deploy the

excess liquidity as with the conventional banks.

The CBO’s Executive Management believes in the importance of

developing effective and applicable tools and solutions that are

compatible with the regulatory framework of Islamic banking in the

Sultanate, and has therefore given its direct attention and top priority to

this matter.

Source: Oman News Agency