MUSCAT : Organized by TAS in collaboration with the Financial Services Authority (FSA) as the Strategic Partner and Oman Banks Association as the Logistics Partner, the conference, scheduled for September 29, will focus on ‘Islamic Financial Transactions and Economic Stability’.

The event will feature insightful discussions on various aspects of Islamic banking and endowment investment sectors, including operational risks, regulatory frameworks, monetary stability factors, and the role of digital transformation. It will also address governance principles, investment opportunities, and the role of digital transformation.

Underscoring the significance of the conference for the Islamic banking sector in Oman, Khalid Jamal Al Kayed, Chief Executive Officer of Bank Nizwa, stated: “We are excited to partner with The Arabian Stories in this landmark event which aims to shed light on the growing Islamic banking sector in Oman and explore its pivotal role in fostering economic stability. As Oman’s leading and most trusted Islamic bank, with fully Shari’a compliant products and services, it is a privilege for us to power this historic venture and shape its success.”

Reiterating similar sentiments, Nishad Padiyarath, CEO of TAS, called Bank Nizwa’s patronage for the event ‘an honour’. “This partnership is a reflection of our commitment to realise the objectives of the event. Through such mega initiatives, we aim to collaborate with industry giants like Bank Nizwa to do our bit for the sustainable growth of Oman’s economy and the continued prosperity of its citizens,” he stated.

Emphasizing that the event aspires to harness the potential of Islamic banks and Waqf investments in contributing significantly to the national economy, Padiyarath added, “It is no secret that Islamic banking is recognised as one of the fastest-growing sectors in the global banking industry. We are confident that TAS conference will prove to be a watershed event in the local Islamic banking sector.”

On the sidelines of the conference, TAS will host the highly anticipated ‘Themar Islamic Banking Excellence Awards 2024’, celebrating outstanding achievements in Sharia-compliant financial services. in the days leading to the event, a distinguished panel of judges, comprising experts, specialists, and prominent personalities from Oman’s national economy, will evaluate nominations under eight designated categories.

It is pertinent to note here that the ‘Themar Islamic Banking Conference and Excellence Awards 2024’ seeks to address critical issues surrounding Islamic financial transactions and their impact on economic stability. Through this pivotal event, The Arabian Stories aims to foster dialogue, promote best practices, and drive the growth and sustainability of Islamic finance in Oman.

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