Policy aims to reduce financial burden: CBO
November 29, 2017 | 8:37 PM
by ONA

Muscat: Meethaq, the pioneer of Islamic banking in Oman from Bank Muscat, hosted, Taher bin Salim Al Amri, Executive President of the Central Bank of Oman (CBO), in the 13th Majlis Meethaq Forum at Bank Muscat head office.

A larger number of dignitaries, Management Team members and senior officials from the government and private sector institutions were present on the occasion.

The Majlis Meethaq Forum is aimed at presenting successful role models and highlighting their achievements to motivate and inspire citizens, especially youth, to attain success in life.

The social forum hosts well-known economic, social, religious or cultural persona having influence on the Omani society to benefit from inspirational aspects of their life and career.

The interaction with Taher bin Salim Al Amri focused on his career, personal life, as well as views and perspective on the economy and important social and cultural issues.

Al Amri highlighted the opportunities and challenges faced by him in his career spanning important responsibilities with various ministries.

The CBO executive president stressed that the Sultanate pursued a prudent monetary policy with a focus on reserve and innovative measures to face future challenges.

“The strategy is to reduce the financial burden,” he said, adding that the CBO has the expertise and qualified Omani cadres to achieve success in the coming period and strengthen the banking sector through cooperation. He praised the important role played by banks and financial institutions in the development and progress of Oman.

Al Amri said: “The CBO has achieved over 90 per cent Omanisation, which is an excellent ratio and we aim to increase it in the coming period.

“Our priorities in the coming period are to strengthen monetary policy, meet the challenges and take advantage of the existing opportunities, in addition to development issues aimed at improving the banking sector, including introduction of new financial instruments to enhance the role of Islamic banking in the Sultanate”.

He also highlighted personal achievements and pointed out that citizens must take advantage of opportunities offered by the government for education, training and employment to achieve success in life and career.

Sulaiman bin Hamad Al Harthy, Deputy Chief Executive Officer (CEO) of Islamic Banking, said: “Meethaq is proud to host the Majlis forum and highlight a role model for Omani youth. We thank Taher bin Salim Al Amri for addressing the session and enlightening the audience on opportunities and challenges he faced in making crucial decisions which led to his success. The Islamic finance industry is growing rapidly worldwide and we are happy the forum facilitated an insightful interaction with Taher Al Amri to explore new possibilities and collaborations in Islamic banking and finance vis-à-vis the development and investment opportunities in Oman”.

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