Bank Nizwa holds workshop on Islamic finance for teachers

Muscat - More than 50 school teachers and educators from various public schools across Muscat recently participated in a workshop to enable them to engage on Islamic finance.

The two day programme was hosted by Oman's first Islamic bank,Bank Nizwa , and was designed in cooperation with the Ministry of Education. Its principle objective was to equip participants with knowledge of Islamic Banking principles and Sharia compliant financing modes which may be integrated into the education system at school level.

Dr Jamil El Jaroudi, Bank Nizwa , CEO said, "Oman's educators do outstanding work in educating young people in the community. Education is the key to a successful future and an educated youth is what will make Oman a strong contender in the worlds markets. Islamic finance has a very vital role to play in the development of our young people and we are proud to be the bank that is working to equip our teachers with the tools to shape our future, the youth of Oman. We feel that we are doing something to contribute to the academic prosperity of our nation."

Bank Nizwa , as the leader in Islamic finance, is committed to sponsoring education focused events and empowering teachers and students with knowledge to enable them to become leaders in the area of Islamic finance. The workshops combined theory and practical knowledge on financial policy and Islam through a variety of informative presentations and case studies.

Topics included; definition of Islamic banks and their objectives and the regulations pertaining to Islamic finance transactions. The workshops were led by Dr Anwar Soubra, head of the Sharia Compliance department at Bank Nizwa . Dr Soubra said, 'Workshops such as this help in our aim to develop the knowledge of Sharia and its place in Islamic finance.

At Bank Nizwa we invest in such programmes to help teachers inspire and engage the future leaders which Oman needs to continue being a progressive developed country. ' Through this programme of workshops, teachers and educators discussed possible tools to educate Oman's next generation on how to plan for the future, establish a savings discipline and manage their financial lives in the sultanate.

© Muscat Daily 2014
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