MUSCAT, 18 March 2013 – Thomson Reuters, the leading global news and information provider for the world's businesses and professionals, in partnership with Meethaq, the pioneer of Islamic banking in Oman from Bank Muscat, is hosting a seminar on 'Developing a sustainable Islamic banking industry in Oman' on 23 March at the bank's head office. H.E Shaikh Abdullah bin Salem Al Salmi, Executive President of the Capital Market Authority (CMA), will preside at the high profile seminar to be attended by policy makers, Shari'a scholars and key representatives of the Islamic banking industry in Oman and the region.
Sulaiman Al Harthy, Group General Manager – Islamic Banking, said: “Meethaq is delighted to join hands with Thompson Reuters in hosting the seminar as part of initiatives aimed at creating a robust Islamic banking industry in Oman. The seminar will provide an ideal platform for industry leaders to meet and discuss new possibilities and collaborations in Islamic banking and finance in the Omani market as well as the wider region. The seminar to be addressed by industry experts reiterates Meethaq's commitment to develop Islamic banking and finance in Oman."
Against the backdrop of the Islamic financial services industry gaining momentum in Oman, the seminar will seek to provide a strategic assessment focusing on innovative Islamic financial instruments and liquidity management products. Topics on discussion include the future of Islamic banking industry and how Islamic financial institutions can grow in an increasingly competitive environment. What the stakeholders are doing to address key challenges in the market and drive investment opportunities in Oman will be the focus of a presentation. How Oman can attract local and foreign investment through Islamic finance will be highlighted as also solutions to support liquidity management.