Article 117 grants a tax exemption to investment funds to foster a robust financial services sector. This applies to funds established in Oman under the Capital Market Law, as well as foreign-domiciled funds that specifically deal in Omani securities listed on the Muscat Securities Market (MSX). By exempting these vehicles from income tax, the Law encourages collective investment schemes and attracts both local and international capital into Omani listed companies, enhancing liquidity and supporting the long-term growth of the Sultanate's financial markets.