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EDITOR IN CHIEF- ABDULLAH BIN SALIM AL SHUEILI

ISC Oman hosts workshop on finance and retirement planning

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Muscat: Indian Social Club (ISC), Oman, hosted a workshop on Investment, Succession Planning, and Carefree Retirement on January 25, 2025. The session, conducted by Ms Afshan Patel, offered valuable insights into navigating financial complexities and preparing for a rewarding future.


Ms Patel, a Chartered Accountant (India), Certified Public Accountant (Canada), Certified Internal Auditor (USA), and holder of a Post Graduate Diploma in Islamic Banking and Insurance, brought extensive expertise to the session. Having worked with the Central Bank of Oman (CBO) and the University of Toronto, she is a guest faculty member at the College of Banking and Finance (CBF), Muscat, and a published writer on Corporate Governance and Economics in The Oman Economic Review.


Afshan Patel addressing the Indian Social Club (ISC), Oman, workshop on Investment, Succession Planning, and Carefree Retirement
Afshan Patel addressing the Indian Social Club (ISC), Oman, workshop on Investment, Succession Planning, and Carefree Retirement


She remarked, "The aforementioned qualifications are parameters that society requires to evaluate you. I would much prefer to just be identified as a good human being and continue working at improving myself in that sphere."


The workshop covered the fundamentals of investments, succession planning, and retirement strategies. Attendees learned about various investment classes - bonds, shares, mutual funds, real estate, and gold - highlighting their features, risks, and returns. The importance of identifying individual risk profiles was emphasized as a starting point for successful investing.


On succession planning, Ms Patel underlined the challenge of initiating the process and stressed the value of timely, organized planning to ensure a smooth transition of assets in line with one’s wishes. She also advocated for periodic reviews of investment portfolios as a pathway to achieving a carefree retirement.


Audience at a ISC Oman organised workshop conducted by Afshan Patel on Investment, Succession Planning, and Carefree Retirement
Audience at a ISC Oman organised workshop conducted by Afshan Patel on Investment, Succession Planning, and Carefree Retirement


The interactive session, supported by ISC Chairman Babu Rajendran and the Management Committee, was well-received by attendees, who expressed their appreciation and urged ISC to organise more workshops on similar topics. The attendees were happy to have had an opportunity to take part in this workshop and requested ISC organisers to have similar workshops on the same subject.


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