Oman Credit and Financial Information Centre was established by Royal Decree 38/2019 issued on 8th May 2019 as an independent organisation with financial and administrative independence under the supervision of the Central Bank of Oman.
Mala’a initiative is a deliverable of an ambitious three-year strategy for Oman Credit Bureau, spearheaded by the Central Bank of Oman.
This initiative is the first pillar of the Central Bank of Oman’s 2021 Strategy. To establish a cross-sector National Databank that will empower Oman to transform into a knowledge-based nation, achieving financial inclusion objectives and enabling access to credit.
Mala’a members are comprised of Banking, Insurance, Telecommunications, Audit and Financial sectors. By connecting multiple government entities into a cohesive National Data Bank, we are able to serve our members, customers and government entities with the latest technologies in Credit Bureau and Data Analytics.
To empower Oman and its people to facilitate the right financial decisions and promote the development of a stronger Oman. Positioning us on a global stage and giving our people the ability to realise their dreams with dignity, Mala’a achieves this through:
Being a champion of clarity. Mala’a provides access to accurate, timely and reliable information.
Educating people of Oman about the importance of their credit information.
Mala’a never compromises on honouring the trust bestowed upon it in its operations.
Mala’a’s resourceful team works hard to ensure the highest standard of delivery.
Mala’a has a progressive and open-minded outlook that ensures constant evolution and development.
Information security is core to Mala’a. Cutting edge security technologies are deployed to ensure the highest level of data security. Mala’a data is sourced directly from the government via a highly secure dedicated network.
Mala’a is governed by the Central Bank of Oman, ensuring the confidentially and security of consumer data as stipulated by the Omani Banking Law and Regulations.