Oman central bank discusses Islamic instruments with ministry

Oman's central bank is discussing the possible issuance of sukuk and other instruments which the country's new Islamic banking operations could use to manage their liquidity, a top central bank official said.

"Central Bank of Oman has taken up with Ministry of Finance the matter of issue of Sukuk," central bank executive president Hamood Sangour al-Zadjali said in emailed comments to Reuters, received on Sunday.

"Various details will be looked into," Zadjali added without elaborating. He noted that introducing liquidity management instruments into markets had historically proved to be a challenge, but said it would be addressed in this case.

* username: rupertbu