Dhofar Islamic, a leading Islamic financial window in the Sultanate of Oman, sponsored the IFN Oman Forum 2024, a prominent event showcasing the growth and development of Islamic finance in the region. The forum was organized by REDmoney in partnership with the Financial Services Authority, where it provided a platform for industry experts, regulators, and financial institutions to discuss key trends, challenges, and opportunities in the Islamic finance sector.
According to Industry sources, the IFN Forum 2024 brought together the brightest minds in the Islamic finance space to discuss essential developments and the ethical impact of Sharia-compliant banking practices. Attended by core dignitaries, industry experts, and potential investors, the forum displayed a selection of fundamental topics, including; Shariah Compliant Funds and Collective Investment Schemes in Oman, Islamic Structured Finance and Capital Markets in Oman, and Shariah Compliant Marketplace Financing and Digital Initiatives in Oman among other discussions.
Mohsin Shaik Mohamed, Head of Investment Banking & Capital Markets at Dhofar Islamic, represented Dhofar Islamic at the forum. He contributed as a moderator on a session entitled “Building on Oman’s Growing Position as a Center for Islamic Capital Markets” discussing the influence of the new bond and Sukuk regulations on the Islamic capital market, the role of flourishing equity and IPO market play as part of a broader divestment program and the meaning of the new Virtual Assets Regulatory Framework for digital assets in Oman.”
Industry sources further added that over the years, Dhofar Islamic has maintained a prominent position as a leading financial service provider in Oman. The Islamic banking window of BankDhofar maintains standards of corporate governance, research and development, corporate social responsibility, and customer service. Dhofar Islamic aims to distinguish itself with outstanding customer experience, investing in Fintech, developing innovative products, and launching state-of-the-art financial solutions. Dhofar Islamic’s participation proves the commitment to promote responsible and sustainable Islamic banking practices in the Sultanate of Oman.
