Oman Major Conference on Islamic Banking Set for January 23

(Ahlul Bayt News Agency) - Al-Iktissad Wal-Aamal is all set to organize a major Islamic Finance and Banking Conference on January 23 and 24 in collaboration with the Central Bank of Oman at Al Bustan Palace Hotel.The conference will discuss latest developments on the heels of the granted permission for banks and financial institutions operating in the Sultanate, to provide banking and financial services compliant with Islamic law.Islamic banking industry is expected to size up to $ 6 billion in Oman in 3-5 years, with an 8 to 10 percent annual growth rate.Key issues related to the Islamic financial industry will be discussed during the course of the two-day conference including: Policies and Regulatory Perspectives of Islamic Finance, Islamic Banking growth and International expansion, Islamic Finance and Capital Market Activities, Supervisory and Regulatory Role of Shari’ah Boards, Islamic Finance Socio-Economic Accountability.The conference is will consist of sessions revealing the latest research and studies accomplished by a group of prominent specialists, academics and senior staff in the financial and Islamic banking sectors, from diverse regional and international leading organizations and corporations in the Islamic financial industry.The conference will gather around 400 participants from various Arab and Islamic countries including heads of banks, Islamic financial institutions and commercial departments of financial markets, representatives of foreign banks and investment firms as well as commercial firms and consulting firms, shaikhs who are members in committees of major financial institutions in Arab and Asian countries, in addition to a vast crowd interested in the affairs of Islamic banking. /129