The CEO of Bank Nizwa, Oman’s first Islamic bank, was a keynote speaker at a recent economic forum dedicated to Islamic finance.
Dr Jamil el Jaroudi (pictured), a leading expert in Islamic finance, delivered a powerful presentation under the theme ‘Islamic banking, great hopes for Investments’, which gave participants the opportunity to gain first-hand information on the importance of the industry to the financial landscape of Oman.
It included in-depth insights into the Islamic banking tools available to realize growth in the economy.
The forum, which was facilitated by Al Roya newspaper, drew delegates from many important industries across the Sultanate.
Dr El Jaroudi’s address was dedicated to pressing issues of the current stage of Islamic finance development in the Sultanate and delved into new approaches to understanding the future for the industry.
In his opening remarks, Dr El Jaroudi outlined his hopes for Islamic banking on spurring the development of Oman’s economy.
He said: “There is huge potential for significant growth in Islamic finance here in Oman, and we are confident that we can expand our horizons and our activities to create a very successful environment.
“We have established Bank Nizwa as a centre of excellence for Islamic banking where we provide a just and equitable model for economic growth through a range of banking tools. This is particularly true of our Islamic principles which leverage the economy to new heights through the financing of public sector projects.”
Dr Ashraf al Nabhani, General Manager — Corporate Support, Bank Nizwa, also participated in the panel discussion about ‘Capital Market-Expected performance.’
Bank Nizwa’s participation in an event like this is a testimony towards its readiness to support all channels that lead to understand Islamic Banking and its role in development of the economy.
Bank Nizwa is clear on its commitment to Islamic finance and to its customers through its suite of Shari' acompliant products and services which are integral to growing the market share of Islamic banking in Oman.
It has the talent, the products and the technology readily available to ensure that there is a conducive environment for the growth of Islamic finance and it will continue to work with the industry to facilitate the development of Oman’s economy.
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