Omani Islamic Financial Services: A Successful Strategy for Building Momentum

Reviewing the 10-year journey of formalized Islamic finance in Oman and navigating the coming years through the strategic development of the Omani Islamic financial services ecosystem.The role of Islamic finance in the development of the private sector in Oman.Key market developments: remunerative deposit accounts, a potential treasury Sukuk and the introduction of Wakalah money market liquidity management tools.Key regulatory issues: the treatment of Islamic banks after mergers with conventional institutions, and the Shariah governance framework and audit guidelines.An overview of new regulations for the issuance of bonds and Sukuk in Oman.The year of endowment: how Waqf can be further applied to Islamic financial services in Oman.Moderator:Asad Qayyum, Managing Partner, MAQ LegalPanelists:Ali Hassan Moosa, CEO, Oman Banks AssociationKhalid Al Kayed, CEO, Bank NizwaKemal Rizadi Arbi, Expert/Advisor, Capital Market Authority, Sultanate of OmanSharifatul Hanizah Said Ali, Executive Director, Islamic Capital Market Development, Securities Commission MalaysiaThamer Al Shahry, Partner, Said Al Shahry & Partners