Based on the Commercial Law promulgated by Royal Decree 55/90,
and the letter of the Oman Chamber of Commerce and Industry,
and in pursuance of public interest,
it is hereby decided
Article I
The return for obtaining a commercial loan or debt is hereby determined at a rate of 6% (six percent), unless a lesser rate is agreed. The Minister of Commerce, Industry, and Investment Promotion may—in each case separately—agree with the Oman Chamber of Commerce and Industry to exceed this percentage, in the event that the term of the loan is long, its purpose relates to projects that contribute to achieving economic development, or the degree of risk is high.
Article II
The provisions of article I of this decision do not apply to loans provided by banks, financing companies, and companies for leasing assets licensed by the Central Bank of Oman.
Article III
This decision shall be published in the Official Gazette, and is applicable for one year from the date of its publication.
Issued on: 28 Sha’ban 1443
Corresponding to: 31 March 2022
Qais bin Mohammed bin Moosa Al-Yousuf
Minister of Commerce, Industry, and Investment Promotion
Published in Official Gazette 1437 issued on 10 April 2022.