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IFN Oman Forum, a prominent event in the Islamic finance industry is set to take place on 9th September in Grand Hyatt Muscat organized by REDmoney Group.
Oman has one impressive Islamic finance story to tell. The last in the GCC on the Islamic finance train, Oman has chartered an enviable progress, with the regulators – the Capital Market Authority and the Central Bank of Oman – at the forefront pushing the industry forward with robust regulations, a clear vision and continuous engagement with stakeholders.
The results speak for itself: in just a decade since Islamic banking regulations were introduced, Shariah banking assets now constitute 17.2% of the total banking sector assets as at the end of June 2023. Analysts project that the sector will command approximately 20% of overall banking assets by 2025.
The Sultanate has built a holistic ecosystem with a promising Islamic asset management sector, active Sukuk market and growing Takaful segment. Oman has also taken the lead in bolstering its fintech capabilities.
