About The Forum
Oman has one impressive Islamic finance story to tell. The last in the GCC on the Islamic finance train, Oman has chartered an enviable progress, with the regulators – the Capital Market Authority and the Central Bank of Oman – at the forefront pushing the industry forward with robust regulations, a clear vision and continuous engagement with stakeholders.
The results speak for itself: in just a decade since Islamic banking regulations were introduced, Shariah banking assets now constitute 17.2% of the total banking sector assets as at the end of June 2023. Analysts project that the sector will command approximately 20% of overall banking assets by 2025.
The Sultanate has built a holistic ecosystem with a promising Islamic asset management sector, active Sukuk market and growing Takaful segment. Oman has also taken the lead in bolstering its fintech capabilities.
We are pleased to be back in Muscat with the 9th IFN Oman Forum, again with the support of regulators and leading Islamic financial institutions.
An Introduction to 2024
In 2023 we returned to a full in-person program, with record numbers at many of our events – a sign of normality returning to the events industry.
For 2024 we have curated a fantastic lineup consisting of our regular leading events, a return to some markets after a short hiatus, and the introduction of two intriguing Islamic investment events.
We run a mixture of Forums and Dialogues throughout the year, depending on what each market responds best to. Essentially, they’re very similar, with only the structure of the discussion being different. For a partner, there’s no difference.
Our focus remains on delivering the best experience possible for delegates, speakers and partners.
What to look out for in 2024:
- Awards Ceremonies: The IFN Awards are the most coveted in the industry and our two Awards Ceremonies in Dubai and Kuala Lumpur continue to gather the elite form the Islamic finance world.
- Investor Forums: New for 2024, these two large-scale Forums in Dubai and Kuala Lumpur coincide with the launch of our new IFN Investor platform and will provide the perfect setting to discuss and debate the rapidly developing global Islamic investment space.
- UK Forum: Europe’s largest, longest running and most influential Islamic finance event will again return to the glorious Mansion House, under the patronage of the Lord Mayor of London. A truly global event, with key focusses on investment flows, sustainable, product development and Fintech.
- Oman Forum: This is the only annual international Islamic finance event in the stunning Sultanate, and one not to miss if Oman is on your radar. Full regulatory support, and all local banks and intermediaries are in attendance.
- Qatar Dialogues: In partnership with the Qatar Financial Centre, we’ll continue the discussion on the development of Islamic finance in the State and its important role in the global markets.
- Asia Forum: Our flagship event, the IFN Asia Forum is the largest Islamic finance focused event anywhere. Covering all markets and sectors in the region, if Asia is in your plans, this event is a must.
- Indonesia Dialogues: Still the world’s largest Muslim population with massive potential, this is the only international Islamic finance event in the island nation. Opportunities are rife and we’re now witnessing seismic changes in the Islamic finance landscape.
- Turkiye Dialogues: Returning to Istanbul with a physical event for the first time since 2019, we’ve been following from afar the phenomenal growth and development of the Islamic finance industry in the Republic. There’s much to discuss and we’d be delighted if you joined us.
- Saudi Arabia: Saudi Arabia remains the world’s largest Islamic finance center and an important market for IFN. This marks our 12th KSA event where we'll be discussing and debating how the Kingdom can build on its dominance and the role Islamic finance will play towards Saudi Vision 2030.
- Bahrain: Rounding off the year again in beautiful Bahrain for the World Islamic Finance Dialogues, in partnership with the Central Bank of Bahrain, we’ll be reviewing the year just past, previewing the year ahead and discussing the global industry at large.
As always, all Forums will be recorded and posted online for all to view, and all events will be complemented by a comprehensive Post Event Review. .
We’re 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.
Dr Andrew DahdalAssociate Professor, College of Law, Qatar University
Asad QayyumManaging Partner, MAQ Legal
Debopam DuttaSenior Associate, Trowers & Hamlins
Hassan Ali AnsariCFO, Takaful Oman
Kemal Rizadi ArbiExpert/Advisor, Capital Market Authority, Sultanate of Oman
Khalid HowladarChairman, MRHB DeFi
Mohsin Shaik Sehu MohamedHead of Investment Banking and Capital Markets, Maisarah Islamic Banking Services
Salman KabaniSr. Head of Enterprise Risk and Strategy, Bank Nizwa
Suad Al BalushiAGM – Head of Treasury and FI, Oman Housing Bank
In The News
The Saudi sovereign wealth fund launched its inaugural international Sukuk and Nigeria issued its sixth sovereign Islamic paper. Egypt plans...
Oman has a relatively younger Islamic finance and banking industry compared with its GCC neighbors…
The Previous IFN Oman Forum
IFN Oman Forum 2023
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.
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 cuttingedge, attendance ensures exclusive access to the leaders in their field across all sectors and markets.
The 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 have also become an integral element of the REDmoney events series and have cemented their position as leading, must-attend, events.
In 2024, we welcome the IFN Investor Forums, which coincide with the new IFN Investor portal.