Oman Daily Observer

Oman Dialogue on Islamic finance on March 7

- 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 keynote 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.

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