Oman will play host to a high-level meeting of the various Islamic banking, finance and investment experts from across the world brainstorming on the diverse principles, products and applications of the noble banking system on March 14, 2018. Key personalities in the field will descend down on Oman as part of the conference aiming to share expertise with the local banks and other financial institutions here. Dr Salah Almajthoob, Managing Director, Jeyad Advisory WLL, and Noranuar Sajari Head of Shariah Structuring Bank Nizwa have been confirmed speakers in this one-day event.
According to Islamic Finance Development Indicator, Oman is currently in fourth place behind only Malaysia, Bahrain and UAE, even though it was the most recent country to adopt Islamic finance in GCC. Omani regulators have guided Islamic finance to growth and sustainability through effective legislation such as the Islamic Finance Regulatory Framework, published in 2015 by the Central Bank of Oman, which covers all aspects of Islamic banking. The framework has been well received internationally and is considered among the most stringent to govern Shariah compliant financing. Islamic banking professionals will lead the way to excel in the sectors of finance and investments to the next level by examining different products to cater the diverse needs of customers and also to look at key legal, documentation and Shariah non-compliance issues faced by Oman.
The expert forum will evaluate Islamic financing products while recognise the Islamic Deposit Products and its functions, examine the financial statements of an Islamic bank, assess a financial product’s impact on a bank’s financial statements, evaluate Islamic investment products, and explore key legal, documentation and Shariah non-compliance issues for Islamic banking in Oman, the RedMoney, organisers of the event claimed.
KABEER YOUSUF
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