Muscat: The first session of Oman Forum for Islamic Banking, held under the title “Prospects for growth and development in accordance with the objectives of Oman Vision 2040”, explored the contribution of the Islamic banking sector in boosting development and analyzing the performance of the public sector in the long run.
The forum, organized by Al Roya newspaper in cooperation with the Oman Banks Association, discussed the structure of the Islamic banking industry and the requirements of consumer, investment and economic activity of individuals, the private sector and public institutions. The aim is to define new determinants for indicators measuring market share, annual growth rates, funding and total deposits, while at the same time enhancing community awareness of the developmental role of Islamic banking in Oman.
The opening ceremony was held under the auspices of HH Sayyid Mohammed bin Thuwaini al Said, who underscored the significance of the forum in exploring the future of the Islamic banking sector in light of national priorities and ground reality facts.
The forum included a session titled “Islamic Banking: Opportunities and Prospects of Growth” that outlined investment opportunities and sustainability of growth and effective contributions of Islamic banking to the economy.
