Summit to commemorate 10th anniversary of Islamic banking in Oman

Muscat: This year marks the 10th anniversary of Islamic banking in Oman. On December 18, 2012, the Central Bank of Oman (CBO) issued the Islamic Banking Regulatory Framework paving the way for Islamic banking activities in Oman through full-fledged Islamic banks or Islamic banking windows of conventional banks. In the last 10 years, Islamic banking has grown at an impressive rate in the Sultanate.

To commemorate the 10th anniversary of Islamic banking in Oman, the 2022 edition of Alam Al-Iktisaad Islamic Banking & Finance Summit, presented by Bank Nizwa, will be held on November 29 at Hotel Crowne Plaza, Qurum. His Highness Sayyid Fahr bin Fatik Al Said is the chief guest at the event hosted by Shaikh Salim Bin Mustahail Al Mashani. Tahir Al Amri, Executive President of the Central Bank of Oman will be the guest of honour and keynote speaker at the event.

The summit will explore and showcase trends, innovations and tech solutions driving the growth of Islamic banking & finance and related fintech. Through presentations and discussions, the leading Islamic banking and finance and fintech experts from Oman and the international market will share insights on new market developments and debate the focus areas for Omani Islamic financial institutions.

Apart from Bank Nizwa, the event is supported by leading industry bodies, financial institutions and tech firms including Oman Banks Association, Sohar Islamic, Muzn Islamic Banking, Ahli Islamic, Alizz Islamic Bank, Idenfo, Takaful Oman and UMS Digital.
Alam Al-Iktisaad Oman Islamic Banking & Finance Awards 2022 will also be co-located at the event. The select banks and fintech will be felicitated during the awards ceremony for their exceptional performance and achievements.  

The summit will explore and showcase trends, innovations and tech solutions driving the growth of Islamic banking & finance and related fintech. Through presentations and discussions, the leading Islamic banking & finance and fintech experts from Oman and the international market will share insights on new market developments and debate the focus areas for Omani Islamic financial institutions.