About The Forum
Oman’s Islamic banking and finance industry may be the youngest in the GCC, but it has exhibited tremendous growth potential and an impressive track record.
By the end of the first half of 2022, Islamic banking assets commanded a market share of almost 16%, following a 9.6% year-on-year growth to OMR6.2 billion (US$16.06 billion). The Islamic capital market too has grown in leaps and bounds – the government has tapped the sovereign Sukuk space several times with instruments for both the institutional and retail markets, all of which were heavily subscribed, demonstrating strong demand. New avenues of growth are also being cultivated such as fintech.
The Capital Market Authority and the Central Bank of Oman have been instrumental in Oman’s growth story. They continue to shape the narrative with effective policies and measures as well as continuous engagement with stakeholders.
With the support of the regulators and leading Islamic financial institutions, the 8th IFN Forum will take place in Muscat to host industry-led engagements to facilitate further expansion of the sector.
An Introduction to 2023
We were delighted to be back in the conference rooms in 2022 following a near two-year hiatus, and it seems you were too.
We saw capacity audiences for the UK, Asia and Islamic Sustainable Finance & Investment Forums, and strong numbers everywhere else. We believe 2023 will surpass pre-pandemic numbers in all our core markets.
We have also learned much this past year and will implement the following:
- The Forum format is essential in certain markets, and will remain in London, Muscat and Kuala Lumpur in 2023.
- Our exclusive Dialogues have been warmly welcomed by all those participating and attending, and we will increase this offering in 2023, with events in Dubai, Riyadh, Doha, Jakarta, and Manama.
- Live streaming has not taken off as many expected. However, watching recorded content has skyrocketed — certainly for us anyway. So, all Forums will be recorded and posted online for our global audience within a week of each event.
- But, as our audiences enjoy recorded content, we will be organizing various country and sector ‘OnAir’ events and posting online for all to view.
- Islamic sustainable is big. Our ISFI Forum in Kuala Lumpur in 2022 was outstanding and will remain for 2023. And, with COP28 in the UAE in 2023, we are introducing the ISFI Dialogues, which will be held in Dubai.
We are excited for the new year and look forward to welcoming you to our events and assisting in the continued global growth of the Islamic financial markets.
In The News
As the year comes to a close, we see some new entrants in the global Islamic fintech landscape, including a...
The Central Bank of Oman (CBO) revealed several Shariah banking initiatives including the long-awaited policy on Islamic…
The Previous IFN Oman Forum
IFN Oman Forum 2022
The 7th annual IFN Oman Forum, in collaboration with key local regulators and the leading Islamic financial institutions and intermediaries, returned in 2022 to provide exclusive access for industry experts, potential investors and leaders from around the region to further develop the market.
Oman was a leading force in the local and regional Islamic finance space, spanning all sectors and products, and it continued to flourish. With a stringent regulatory infrastructure, industry players were assured of support from the authorities, and the market remained open to expansion and improvement.
Although still relatively new to the Islamic finance and banking industry relative to the other GCC countries, Oman boasted total Islamic assets of USS$14.7 billion, an impressive 15.16% of the total assets of the country’s banking sector.
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, panelists 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.
TThe annual IFN Asia and IFN UK Forums are categorically recognized as their continent’s leading industry events since their inception in 2006 and 2007 respectively. The Dialogues series has also become an integral element of the REDmoney events series and have cemented their position as leading, must-attend, events. In 2022, we introduced the Islamic Sustainable Finance & Investment Forum, which was an enormous success, and will become a mainstay.