Awareness on 7th Islamic Finance Knowledge programme reaches Dhofar

SALALAH: Under the patronage of Sheikh Salim bin Oufait Al Shanfari, Head of Dhofar Municipality, Bank Nizwa, Takaful Oman Insurance and Al Kawthar Fund conducted the 7th session of the Islamic Finance Knowledge Programme.

This session was held for the first time in the Governorate of Dhofar in line with the strategy to raise awareness on the Islamic financial sector which is growing within local communities across the Sultanate. The latest session enabled attendees to explore the multi-faceted benefits of Islamic banking, Takaful insurance and investment through presentations and panel discussions led by some of Islamic finance sector’s prominent experts.

Khalid Al Kayed, CEO of Bank Nizwa said, “Since our inception, we have taken it upon ourselves to empower communities with the knowledge and understanding of the benefits associated with Sharia-compliant solutions. Therefore, we are engaging the community in Dhofar, offering them direct access to experts in Islamic finance, insurance and investment, and how they can leverage them to lead financially secure lifestyles.”

Al Kayed added, “As an organisation, our goal is to create better, more convenient and secure ways to deliver the results that matter most to our customers; whether individuals or corporates. Hence, we have been redefining the banking experience in the Sultanate for the past five years and we will continue to offer our customers in Dhofar tailored competitive and innovative propositions that meet their evolving financial requirements.”

Dr Shaaban Islam, Member of Takaful Oman’s Sharia Supervisory Board said, “Our business offering is derived from the Islamic ideals of foresight, transparency and empathy; all of which are deeply rooted in Omani culture and traditions. Therefore, we are sharing the ins-and-outs of Takaful, the Islamic form of insurance with our community in Dhofar. The world of insurance is vast, with that said, we are offering users a niche segment of this world, one that complies with their beliefs and meets their discerning expectations.”

Ahmed Kashoob, Head of Investment at Oman National Investments Development Company ‘TANMIA’, the managing company of Al Kawthar Fund said, “The concept of Sharia-compliant investing is gaining ground across Oman. This is becoming a market trend where investors are quickly making informed decisions and taking action. In addition to helping investors embark on investment opportunities, we want to create a system that generates social impact in sectors such as knowledge, health, education and infrastructure.”