“The Islamic Finance News(IFN)/Redmoney Group in partnership with the Capital Market Authority, Sultanate of Oman (CMA) had recently organized the 1st IFN Oman Seminar & Dialogue on 8 March 2016 at the Grand Hyatt Hotel Muscat, Sultanate of Oman. The organizing of this successful international event is consistent with the CMA’s continuous strategic initiatives in educating the market, creating the awareness and developing the Islamic finance market in Oman.
The seminar was attended by H.E. Abdullah Salim Al-Salmi, the Executive President of the CMA, H.E. Hamood Sangour Al-Zadjali, the Executive President of the Central Bank of Oman and H.E. Mohammed Jawad Hassan, Advisor to the Ministry of Finance. H.E. Abdullah Salim Al-Salmi, Mr. Ahmed Al-Mamari and Mr. Kemal Rizadi Arbi had also participated and represented the CMA as panel speakers at this international seminar and the dialogue. The seminar and dialogue was overwhelmingly attended by numerous local and international delegates.
During the seminar, H.E. Abdullah Salim Al-Salmi had provided insights on Oman’s Islamic finance landscape including some of the developments taking place in the Islamic capital market and Takaful market in Oman, and what market players and regulators need to do further. Mr. Kemal Rizadi Arbi had highlighted what needs to be done to ensure sustainable activity in shaping the Omani Islamic capital market in addition to the regulatory and legal considerations in structuring transactions. Mr. Ahmed Al-Mamari had also provided an overview of the Takaful sector and how will the industry move forward.
In addition, the IFN Oman Dialogue that was held for the 1st time in Oman was a closed-door discussion focusing on developing the local Islamic financial market and offered an independent and impartial platform for the identification and resolution of specific issues, challenges and opportunities facing the industry through a high-level discussion. The dialogue was attended by the CMA and both local and international key industry practitioners and market players.”