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BUSINESS REPORTERMUSCAT, Oct 16The Business Year (TBY), a global media group that has been providing investors, businesses, and governments with first-hand insights into the world’s most dynamic markets for over a decade, hosted a digital roundtable on October 12 to debate the current state and future potential of Oman’s Islamic banking sector.The event...
capital Newspaper In certain circumstances, common morality says that creditors should not force their borrowers to pay interest and principal fully and on time. The COVID 19 pandemic and the global economic collapse it has caused are just such circumstances, for both persons and governments. For the poorest countries harmed by the crisis (e.g., Guinea, Haiti, Nepal), the International Monetary Fund (IMF) has developed a mechanism to free governments from debt servicing payments to the IMF. The principle is right, but the country coverage is far too limited and the period of reli...