Date: 3rd June 2021
About The Forum
Now a leading force in the local and regional Islamic finance space, spanning all sectors and products, the Omani Islamic finance industry continues to flourish. With a stringent regulatory infrastructure, industry players are assured of support from the authorities, and the market remains open to expansion and improvement.
Islamic financing in the Sultanate grew 6.7% as at the end of September 2020 and the combined total assets of Islamic banks and windows now stands at US$12.96 billion, or 14% of the total assets of the Omani banking sector.
The 6th IFN Oman Forum, in collaboration with all key local regulators, returns in 2021 to provide exclusive access for industry experts, potential investors, and leaders from around the region to further develop the market. Once again, the private and highly regarded IFN Oman Dialogue will be held post Forum.
An Introduction to 2021
At REDmoney, 2020 taught us much about the state of the events business. What works, what doesn’t and how to continue delivering unparalleled programs to our global audience.
It’s a fundamental element of our business going forward, and we will continue to adapt to ensure we remain relevant and our events remain the industry’s best.
The global appetite and requirements for converging has shifted and now more than ever, we are strategically planning our events to adapt to these changes in the face of disruption without compromising on the quality of knowledge transfer and outreach.
Technological advancements have given rise to exciting opportunities in developing new formats that allows unlimited real time interaction remotely.
Moving forward, we will deliver a blend of physical and online events, ensuring the best of both worlds. Physical interaction is important to many, whilst travel and time away from the office isn’t always necessary to reach new markets.
For 2021, through careful research and planning, we have curated bespoke events online and offline with your interest in mind.
In The News
Oman: Rapid growth
New to the Islamic finance and banking industry relative to the other GCC countries, Oman has made much progress within only a short period of time. A stringent regulatory infrastructure has assured industry players…
Oman debuts maiden retail sovereign Sukuk maintaining issuance momentum
The Omani Ministry of Finance has opened the doors to the public with its first Omani rial-denominated sovereign Sukuk worth a total of OMR25 million (US$64.77 million) for retail…
Latest merger marks ray of hope for Oman’s beleaguered banking industry
man has finally seen some good news, with the long-awaited acquisition of Alizz Islamic Bank by Oman Arab Bank creating a new US$8.4 billion entity that could open up the door for a new…
How Omani Islamic banking can help SMEs
Oman is the last country in the Middle East to introduce Islamic banking and finance through the issuance of Royal Decree 69/2012 on the 6th December 2012. The establishment of Islamic…
Last Visit to Muscat
For the fourth year in a row, IFN is excited to be back in Oman. The country has been the hotbed of interest for investors for almost half a decade despite being the new kid on the block. The growth of the Islamic finance and banking industry has been an effective contributor to the country’s economic growth with efforts being exercised frequently across multiple sectors in the past years.
Oman’s Islamic finance industry recorded a growth rate of 14% last year. The country has two stand-alone Islamic banks and six Islamic windows at conventional banks offering Islamic services. Its Islamic finance assets are projected to grow to US$3.2 trillion by 2020, with Islamic banking reaching US$2.6 trillion globally.
About REDmoney Events
REDmoney events designs, organizes and hosts industry-leading conferences, forums, roadshows, seminars and dialogues focusing on the Islamic financial markets across a global, regional and national level. Leveraging an exceptional network of the industry’s elite and supported by the expertise of the REDmoney publishing and seminars divisions, REDmoney Events are able to provide access to a unique array of influential speakers, panellists and participants from a cross-section of the global industry to debate the most significant issues affecting the Shariah compliant financial markets.
REDmoney events are differentiated by their complimentary yet qualified attendance structure, ensuring the highest quality of both delegates and contributors. Comprehensive and cutting-edge, attendance ensures exclusive access to the leaders in their field across all sectors and markets.
The annual IFN Asia Forum has been the biggest event in the industry since its inception in 2006, attracting over 1,000 delegates annually. An annual line-up of Forums are also conducted across emerging markets and key jurisdictions. Included under REDmoney Events are the IFN Awards Ceremonies, which take place annually in Dubai and Kuala Lumpur, and attract more than 800 industry leaders.