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Muscat: Sohar Islamic, Sohar International’s Islamic Banking window, was the Silver Sponsor of the recently organised 2nd Salalah International Financial Islamic Conference. Held under the patronage of HE Sheikh Khalid bin Omar bin Said Al Marhoon, Minister of Civil Service and attendance of HE Tahir bin Salim Al Amri, executive president of the Central Bank of Oman (CBO), the event discussed the role of Shari’a-compliant banking in economic development. Promoting knowledge exchange among industry stakeholders, and identifying solutions to common challenges faced by practitioners, the theme of this year’s conference was ‘the Role of Islamic Finance in Building a Diversified and Sustainable Economy’.
Speaking on the sidelines of the event, and highlighting the transformative role Islamic finance has had on communities throughout the Sultanate, Mr Salim Khamis Al Maskari - DGM and Head of Sohar Islamic said: “It was an honour to support and be a part of the 2nd Salalah International Financial Islamic Conference. The event brought together international industry experts to share knowledge and the latest research regarding the Islamic financial sector and products; making our participation in and support of the event natural. By bringing together stakeholders and researchers from across the world, the event has helped further the growth of Shari’a-compliant banking in Oman and facilitated greater understanding among all practitioners for the benefit of our customers, partners, and stakeholders. We are pleased to have sponsored and been a part of this pivotal annual forum, and look forward to continuing to play a strategic role in advancing Islamic finance within the nation.”
In addition to Islamic finance and economic diversification, contemporary issues in Islamic finance such as electronic and digital currencies, and the various types of Sukuk and issuance procedures, were discussed at the 2nd Salalah International Financial Islamic Conference. The conference also reviewed the challenges and solutions of banks, Takaful insurance, reinsurance, the governance of Islamic financial institutions, the legality of the Sukuk, its legal aspects and Oman’s experience of the issuance of Sukuk.
Since inception Sohar Islamic has been the go-to-reference on Islamic finance in Oman, participating in and organizing several initiatives to enhance and elevate the awareness on Islamic banking; while developing future leaders who can advance the sector in the years ahead. Sohar Islamic’s dedication to bringing the benefits of Shari’a-compliant banking to people across the Sultanate has led to the development of numerous forums and workshops over the years.
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