Oman Dialogue on Islamic finance on March 7

By Samuel Kutty — MUSCAT: March 4 – The highly acclaimed IFN Oman Dialogue will bring together a select group of Oman’s leading Islamic finance industry’s practitioners and regulators, to openly discuss the benefits and concerns facing the Sharia’s compliant financing and investment market. Having hosted the IFN Seminar, Dialogue and Report in 2016, the event for 2017 will be held on March 7 at Grand Millennium Muscat.
The Oman Dialogue will kick off with a welcome address from Abdullah Salim Al Salmi, the Executive President of the Capital Market Authority.
Hamood bin Sangour Al Zadjali, Executive President of the Central Bank of Oman, will provide the key-note address.
The first session is set to provide an insight into Oman’s economic development and how Islamic finance would be able to advance the country’s Vision 2020, with representatives from Bank Muscat, Bank Dhofar and Bank Nizwa featuring in this highly engaging discussion.
The following session will be a strongly anticipated one as Omani financial regulators — Muscat Securities Market, Capital Market Authority and Central Bank of Oman — address the legal and regulatory framework that has evolved alongside the growth of Islamic finance activities.
The forum will then delve deeper into Oman’s Islamic capital market as Standard Chartered Bank, Emirates NBD Bank and MB Holding Company exchange views on how market players can contribute to develop a sustainable and efficient environment.
The next segment of the forum will put a spotlight on the role of REITs in spurring further capital market activity, before moving on to an onstage interview between Ahmed Al Mamari, the director-general of the Directorate of Insurance Supervision at the Capital Market Authority, and Gautam Datta, CEO of National Takaful, on the growth of the Takaful sector in Oman.
IFN Oman Forum will wrap up with an IFN debate session on the topic of standardisation and regulation, and if adherence to global standards would mean the stifling of innovation and growth. Concurrent to the forum, IFN will also be hosting an Islamic finance workshop for students in order for them to grasp a better understanding of the industry, as well as the Oman Dialogue.
Boasting a comprehensive agenda and covering a plethora of stimulating issues and developments, the IFN Oman Forum 2017 will gather industry practitioners from all over the world to discuss various ways and means to continue harnessing developments in the Omani market as the industry strives to maintain sustainable growth, with strong support from partners such as the Islamic Corporation for the Development of the Private Sector, International Islamic Trade Finance Corporation, Bank Nizwa and RFI Foundation, among many others.