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Central Bank of Oman engages in strategic discussions at Islamic Financial Services Summit

The Central Bank of Oman recently took centre stage at the sixteenth summit of the Islamic Financial Services Board held in Bandar Seri Begawan, Brunei Darussalam.

TAS News Service

info@thearabianstories.com

Thursday, May 9, 2024

BRUNEI: Led by His Excellency Taher bin Salem Al Amri, CEO of the Central Bank of Oman, the Sultanate’s delegation highlighted the importance of embracing change and innovation in the Islamic finance sector.

During the summit, discussions revolved around the pivotal role of innovation in fostering sustainable growth and stability within the Islamic financial services industry. Topics ranged from regulatory strategies to tackle climate change’s financial impacts to leveraging modern technologies for enhanced financial inclusion.

One of the key highlights was the emphasis on financing alternatives and effective regulatory techniques. The summit provided a platform for central banks, regulatory bodies, and Islamic finance institutions to exchange insights and best practices, paving the way for collaborative efforts in advancing the sector.

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