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
Source: Oman News Agency