go back

BankMuscat workshop on Islamic liquidity management concludes

MUSCAT, 6 May 2012 – The ‘Islamic Liquidity Management and Capital Market’ workshop hosted by BankMuscat’s Meethaq Islamic Banking in association with International Islamic Financial Market (IIFM) concluded yesterday (Sunday 6 May 2012). Patronised by the Central Bank of Oman (CBO) and Capital Market Authority, the 2-day workshop at BankMuscat head office was attended by representatives of reputed global Islamic finance organisations and banks.

Aimed at knowledge-sharing by leading Islamic finance industry representatives and regulators, the main objective of the workshop was to identify best Islamic finance practices that can be adopted in Oman. The workshop focused on topics ranging from ‘Role of regulators and standard setting bodies’ to ‘Trends in global Sukuk Markets’, designed to be practical with ideas and solutions, experiences and examples to encourage participation and exchange of information.

Sulaiman Al Harthy, Group General Manager – Islamic Banking, said: “BankMuscat is proud to host this workshop under the patronage of the Central Bank of Oman and the Capital market Authority. The group of expert presenters and panelists from the GCC and Far East region enriched the workshop which discussed various instruments to facilitate liquidity management for Islamic banks as well as help achieve a reasonable commercial return and also fulfill their traditional role of financial intermediation between depositors and productive activity such as financing. The workshop also focused on Islamic capital markets suitable for trading Shariah compatible securities.”

The expert presenters and panelists at the workshop included some of the leading industry practitioners - Sheikh Kahlan Al Kharusi (Assistant Grand Mufti of Oman); AbdulKader Thomas, CEO, SHAPE Financial Corp, Kuwait; Abdullah Haron (IFSB); Ismail Dadabhoy, a Dubai-based independent Islamic banker; Simon Eedle, Managing Director, Credit Agricole CIB and Vice Chairman of IIFM; Ijlal Ahmed Alvi (IIFM); Dr. Mohammed Daud Bakar (Amanie Advisors); Sohaib Umar, Executive Manager, Islamic Financial Services Group, Ernst & Young; Faheem Ahmad (IIRA); Mark Pritchard (NBAD); Shaikh Muddassir Siddiqui (ISRA); Daniel Cookson and. Mark Dickinson (Clifford Chance); Hatim El-Tahir (Deloitte).