Sukuk were regulated for the first time in the Omani law in the regulatory and supervisory framework for Islamic banks issued by the Central Bank in 2012, then the Capital Market Authority issued a decision regarding the issuance of Sukuk Regulation No. 3/2016, and the last regulation came in 2019 when it was included with the bonds in the new Commercial Companies Law. This study aims to follow what is stated in the Omani law about Sukuk and its regulation, as it looks at the Sukuk process and the issuance cycle, and also deals with the legal conditioning of the General Assembly of Sukuk Owners and the Special Purpose Company. The research depends on the descriptive analytical approach as it looks at the nature of Sukuk and then moves to the idea of governance and legal regulation of the operations associated with issuing Sukuk. The study concluded that the diversity in the bodies that issue legal controls and the lack of mandatory application of them is one of the reasons for the weakness of the instruments in carrying out their developmental role, which requires the intervention of the law to lay the sound foundations for correcting the path. Also, the Sukuk Law should contain the controls for issuance, execution, follow-up and liquidation.