MUSCAT : The high-level summit will convene central banks, regulatory authorities, international organisations, and leaders from across the Islamic banking industry. It aims to highlight the growing importance of Islamic finance in building a more stable, ethical, and inclusive global financial system.

Key discussion areas will include current challenges in Islamic finance, strengthening the non-banking financial sector, developing the sukuk market, enhancing financial inclusion, and addressing issues related to climate change and social impact.

The summit will also feature dedicated dialogue sessions for private sector leaders, government entities, non-governmental organisations, and youth representatives. In parallel, an exhibition will showcase contributions from leading players in the Islamic finance sector.

His Excellency Ahmed bin Jaafar Al Musalmi, Governor of the Central Bank of Oman, described the summit as a strategic turning point and a platform to deepen understanding of the evolving global economic landscape. He noted that the event would promote future-focused dialogue, foster innovation-driven cooperation, and enhance the resilience of the Islamic finance sector amid ongoing global challenges.

“The summit will help chart a path towards sustainable and inclusive growth by generating forward-thinking ideas and strengthening the foundations of Islamic finance as a key pillar of economic stability and development in the years ahead,” he said. He also highlighted the resilience and adaptability of Oman’s Islamic finance sector.

Dr Ghiath Shabsigh, Secretary-General of the Islamic Financial Services Board (IFSB), underlined the summit’s significance as a strategic forum for thought leadership and global collaboration. He emphasised its role in facilitating the exchange of ideas on emerging trends in Islamic finance and promoting its broader international adoption.

Dr Shabsighalso noted that the summit reflects the IFSB’s commitment to ensuring the soundness and stability of the Islamic financial industry, by engaging regulators, supervisory bodies, global institutions, and financial service providers. He added that Oman’s hosting of the summit provides a valuable opportunity to explore new prospects for the growth and development of the Islamic finance industry.

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