AhlulBayt News Agency (ABNA): The Central Bank of the Sultanate of Oman, in cooperation with the Islamic Financial Services Board (IFSB), hosted the 17th meeting of the board in the city of Muscat under the theme “Islamic Finance for the Future: Unlocking New Horizons for Global Impact.”
The three-day meeting brings together senior policymakers, central bank governors, leaders of the financial industry, and representatives of intergovernmental and academic institutions from more than 40 countries, reinforcing its status as one of the world’s most important platforms for dialogue and cooperation in the field of Islamic finance.
In his opening address, Ahmed Jaafar al-Musallami, Governor of the Central Bank of Oman, referred to global economic volatility, rapid technological change, and climate-related risks, stressing the growing importance of ethical foundations, transparency, and the strong linkage of Islamic finance to the real economy.
He also highlighted Oman’s steady progress in developing its Islamic finance sector since its launch in 2012, noting that this growth has been guided by robust regulatory and supervisory frameworks. Discussions at the meeting, aligned with Oman Vision 2040, focus on the role of Islamic finance in economic diversification, expanding financial inclusion, enhancing sustainability, strengthening economic resilience, and promoting social development, including the empowerment of women and youth.
The program includes high-level sessions, specialized meetings of bank chairpersons and chief executive officers, and technical discussions on areas such as fintech innovation, capital markets, liquidity management, sustainability, crisis preparedness, youth engagement, social impact, and Sharia governance. Within this framework, particular emphasis has been placed on strengthening integration among Islamic banking, capital markets, and the takaful industry.
The meeting has also sought to enhance international cooperation among IFSB members, while presenting the Sultanate of Oman as an attractive investment destination and highlighting opportunities in sectors such as logistics, renewable energy, advanced industries, tourism, and the digital economy.
The hosting of the event once again underscores Oman’s commitment to an Islamic finance framework aligned with international standards and its active role in the future growth, resilience, and global impact of the Islamic financial services industry.
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