Oman Credit and Financial Information Centre is the official name of the body established by Royal Decree, whereas Mala’a is the brand name that is used to represent The Centre. One of Mala’a’s core tasks is to operate as the National Credit Bureau for Oman.
A Credit Bureau is a key enabler for Credit Providers, it allows visibility on Credit and Financial information about the borrowers. Credit bureaus collect all relevant data on credit, financial, and repayment history including defaults into a comprehensive database.
Credit Bureaus help broaden access to credit. They provide lenders with information enabling them to grant credit where previously they would not be able to, through informed credit risk decision making. One of Mala’a business lines is to serves as the National Credit Bureau for Oman.
The decision on whether to grant credit is made by the credit providers ONLY.
Mala’a furnishes credit providers with information to support their credit risk decision-making and to better understand the probability of meeting the credit commitments.
Mala’a never make any decisions with regards to giving credit or not.
As per Royal decree 38/2019, Mala’a receives demographic, firmographic, credit and financial data for all consumers and corporates. Refer to Section Mala’a Report for further details.
Mala’a is regulated by the Central Bank of Oman and complies with all Information Protection and Confidentially Regulations and Policies.
Information security is core to Mala’a. Cutting edge security technologies are deployed to ensure the highest level of data security.
Your Credit and financial data is only available to you and to the member institutions that you have credit with or have requested credit from.
You are encouraged review your report periodically, should you believe your data is incorrect then you are encouraged to raise a data correction case through Mala’a Customer Service team. The relevant members will update the database accordingly. Ensuring Correct Information section of this website will guide you through the process.
For details please refer to members and Data Providers sections of the website.
As explained above, a member is an entity that has membership subscription with the Mala’a and submit credit/financial information to the Centre and in return obtain credit reports and scores to manage its credit/Financial risks.
Whereas, a Data Provider is a government or private registry/database that feed data to Mala’a One-Way as required by the Bylaw of Royal Decree 38/2019 in order to help build a a national Databank.
Muscat\ Oman Credit and Financial Information Center (Mala’a) signed a Memorandum of Understanding with Jusoor Foundation on November 29th 2020 that states providing credit and financial information about Jusoor Foundation’s service providers, individuals and supplying or project executing corporates. The information will be used to assess the clients’ solvency and creditworthiness as stipulated in the […]November 11, 2020
Muscat\ Oman Credit and Financial Information Center (Mala’a) signed a memorandum of Understanding with the Ministry of Social Development on November 8th 2020, to provide the MoSD with Mala’a Report and Mala’a Score for individuals and corporates. The MoU aims at assisting the ministry to evaluate the creditworthiness of its consumers and beneficiaries, in order […]September 17, 2020
The Ministry of Agriculture and Fisheries Wealth signed a Memorandum of Understanding on September 17th 2020 with the Oman Credit and Financial Information Center (Mala’a) at the Ministry’s building in Al Khuwair. The MoU states that Mala’a provides credit and financial information of investors in the agriculture and fisheries sector to the Ministry, as well […]