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Oman News

“Digital transformation is an existential necessity to modernise economic structures”: Dr. Mohammed Suwaileh

Delivering keynote address at TAS Banking and Technology Summit (BTS) 2025, Dr. Mohammed Fakhri Suwaileh, Senior Manager of Endowment Investment at Bank Nizwa, underscored the need for digital transformation and sustainable endowment investment.

TAS News Service

info@thearabianstories.com

Tuesday, May 27, 2025

MUSCAT : “Digital transformation is no longer a deferred option or an institutional luxury; it is an existential necessity to modernise economic structures and enhance the efficiency of banking systems, ensuring their survival and prosperity in a rapidly changing world,” he stated.

Explaining further, he added: “It has become imperative to reshape our endowment tools to keep pace with the digital age, without compromising the essence of Sharia objectives. This can be achieved by adopting smart investment models based on governance standards, driven by technology and innovation, and framed by a clear vision for sustainable development. This renewed vision is poised to open new horizons for economic and social empowerment within a secure, flexible, and human-centric banking environment.”

The BTS, organised by The Arabian Stories is setting new benchmarks as experts get ready to share their vision for the future of banking and the critical need for cybersecurity.

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