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IFN Oman Forum 2025
Oman has an 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 Financial Services 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 Sultanate has built a holistic ecosystem with a promising Islamic asset management sector, active Sukuk market and growing Takaful segment. Oman has also been consistently recognized in the annual IFN Deals of the Year awards recently, showcasing their innovative and proactive approach.
It’s predicted that the sector will command approximately 20% of overall banking assets by the end of 2025, and if the past years are anything to go by, this will be surpassed.
We are delighted to be back in Muscat with the 10th IFN Oman Forum, again with the support of regulators and leading Islamic financial institutions.
In 2025 we continue to uphold our commitment to organize and deliver bespoke IFN Forums globally in targeted key markets that require interaction and discussion among the industry’s leaders.
Our IFN Forums are diverse events which combine panel discussions, dialogues, private and targeted networking sessions. Our priority is to ensure that we deliver quality events while achieving the highest desired outcome in Islamic finance excellence.
IFN Forums allow you to engage with these markets by ensuring a captive audience and reaching out to local and global audiences.
All IFN Forums will be recorded and posted online within a week of the event.
- Brokerage Firms
- Consultancies
- Corporate & Investment Banks
- Custodians
- Family Offices
- Financial Service Providers
- Fund Managers
- Institutional Investors
- Insurance & Takaful Companies
- Law Firms
- Multi Family Offices
- Pension Fund Managers
- Private & Wealth Managers
- Private Equity Firms
- Rating Agencies
- Real Estate Investment Co's
- Regulators
- Risk Management Firms
- Shariah Advisory Firms
- Sovereign Wealth Funds
- Stock Exchanges
- Trade Finance Companies
- Trustees
- UHNW and HNW Individuals
- Venture Capital Firms
Forum Agenda
9.00 – 9.05
Welcome Remarks
9.05 – 9.15
Keynote Address
H.E. Ahmed bin Jaafar bin Salim Al-Musalmi, Governor, Central Bank of Oman
9.15 – 9.25
Presentation - Financial Services in Oman: The Next Phase
9.25 – 10.25
Islamic Financial Services - Driving Oman’s Economic Transformation
Having developed an impressive range of financial products – from banking to capital markets to investment management – what is next for Oman’s Islamic financial services sector? What strategic initiatives are influencing this development, and what role do regulators and financial institutions have to play?
Moderator:Asad Qayyum, Managing Partner, MAQ Legal
Panelist:Ali Hassan Moosa, Financial Expert/Adviser, Ministry of Finance
10.25 – 11.00
A Focus on Endowment: The Potential for Waqf in Oman
With significant current focus on the application of Waqf in Oman, what is its potential across a range of Islamic financing and business activities, including banking, asset management and capital markets?
11.00 – 11.10
Presentation - The IILM Sukuk Programme: Enhancing Liquidity in Global Islamic Finance
Mohamad Safri Shahul Hamid, CEO, International Islamic Liquidity Management Corporation
11.10 – 11.20
Presentation – The Case for Digital Assets
Max Garvey, Founder and CEO, Epicenter Labs
11.20 – 12.05
Open for Business: Oman’s Islamic Capital Market
How have recent Shariah compliant IPOs and Sukuk transactions moved the dial in terms of interest in Oman, and how can this impressive momentum be maintained? Does the secondary market across multiple asset classes offer sufficient liquidity and depth, and is sustainability given enough recognition by issuers and advisors? What other opportunities are on offer for Islamic capital markets in Oman, in what sectors, and what needs to be done to capitalise on these?
Panelists:Hichem Bouqniss, Executive Director of Business Operations, International Islamic Liquidity Management Corporation
Kemal Rizadi Arbi, Expert/Adviser, Financial Services Authority
12.05 – 12.20
Case Study: Why Islamic, Not Conventional? Understanding the Drivers Behind Shariah Compliant Transactions
What motivates issuers and investors to choose Shariah compliant structures over conventional? We explore the strategic, commercial, regulatory, and ethical factors that shape this decision—ranging from market demand and investor preferences to regulatory incentives and reputational considerations. We examine what these choices reveal about evolving market dynamics and the future development of Islamic financial services.
12.20 – 12.50
Coffee
12.50 – 13.35
Driving Innovation and Transformation in Islamic Banking and Takaful in Oman
How have domestic Islamic financial institutions performed, and what is a realistic assessment of asset quality, funding and liquidity conditions in the banking market? How is digital transformation advancing the development of new Islamic banking and Takaful products in Oman, and can technology be better applied to improving user experience? How can Islamic financial products incorporate important sustainability characteristics and recognise climate risk?
Moderator:Aisha Al Kharusi, Deputy Executive Chair, Modern College of Business and Science
Panelist:Rafiza Ghazali, CEO, KAF Digital Bank
13.35 – 14.25
Islamic Investment Products and Asset Management in Oman
What are notable developments in investment management, including those influencing investment patterns, asset allocation and product innovation? Is Islamic asset management positioned effectively, what more could be done to provide Islamic investment and wealth management products, and is climate risk offered sufficient recognition? How is the growth of Islamic mutual funds, ETFs and REITs shaping the industry, and what role does private capital have to play?
Panelists:Akber Khan, Acting CEO, Al Rayan Investment
Anastasia Lim, Head of Fixed Income, Portfolio Manager, Jabal Asset Management
Fatma Al Maimani, Audit Committee Member, National Energy Center
Shahariah Shaharudin, President, Saturna Malaysia
14.25
Lunch & Networking
Forum Keynote

H.E. Ahmed bin Jaafar bin Salim Al-Musalmi
Governor, Central Bank of OmanForum Speakers

Aisha Al Kharusi
Deputy Executive Chair, Modern College of Business and Science
Akber Khan
Acting CEO, Al Rayan Investment
Ali Hassan Moosa
Financial Expert/Adviser, Ministry of Finance
Anastasia Lim
Head of Fixed Income, Portfolio Manager, Jabal Asset Management
Asad Qayyum
Managing Partner, MAQ Legal
Fatma Al Maimani
Audit Committee Member, National Energy Center
Hichem Bouqniss
Executive Director of Business Operations, International Islamic Liquidity Management Corporation
Kemal Rizadi Arbi
Expert/Adviser, Financial Services Authority
Max Garvey
Founder and CEO, Epicenter Labs
Mohamad Safri Shahul Hamid
CEO, International Islamic Liquidity Management Corporation
Rafiza Ghazali
Chief Executive Officer, KAF Digital Bank
Shahariah Shaharudin
President, Saturna MalaysiaIFN Oman Forum 2024 Delegates
100VP ▪ Abraj Energy Services ▪ Abu Timam Grant Thornton ▪ Abul Redha Haider Lawyers & Counsels ▪ Addleshaw Goddard ▪ ADNOC ▪ Affin Hwang Trustee ▪ AHAM Capital ▪ Ahlibank ▪ Al Busaidy, Mansoor Jamal & Co ▪ Al Khalili, Al Ghailani & Co ▪ Al Maamary, Al Abri & Co ▪ Al Rashdi, Al Nabhani, Al Abri & Co ▪ Al Shamekh Company ▪ Al Sukoon Asset Management ▪ Al Tamimi & Company ▪ AL Yahyaei & Co. Advocates & Legal Consultants ▪ Alameen Chartered Accountants ▪ Albukhary International University ▪ ALC Lawyers & Counsels ▪ Alizz Islamic Bank ▪ Aljabr ▪ Alkareem ▪ Allfunds ▪ Alserkal Group ▪ American Express ▪ Amicorp ▪ Apsis consulting Services ▪ Arcapita Investment Management ▪ ASAP Wealth Consultancy ▪ Babil International ▪ BADR Bank ▪ Bank Dhofar ▪ Bank Nizwa ▪ Bloom Business Strategies ▪ Blue Sea International ▪ BOK International Abu Dhabi ▪ BSA Law ▪ Central Bank of Oman ▪ CEO Clubs Network ▪ Chadian Association for the Progress & Development of Women ▪ Chartered Daly Oman ▪ CIMB Islamic Bank ▪ Clifford Chance ▪ CMS International ▪ College of Banking & Financial Studies ▪ ComTech Gold ▪ Coral Coast PR ▪ Corpacer ▪ CRDB Bank ▪ Crowe ▪ Demeter Investment ▪ Dentons & Co Oman ▪ Dhofar Islamic Bank ▪ DigiGate Business Solutions ▪ Drees & Sommer ▪ Eiger Trading ▪ El Attar Law Firm ▪ Eltizam Financial Sharia Consultancy ▪ Embassy of Japan ▪ Energy Development Oman ▪ Enum Solutions ▪ Ethis Investment Platform ▪ Etiqa Life Insurance ▪ Financial Service Authority Oman ▪ First Holistic Solutions ▪ Flutterwave ▪ Fullgoal Fund Management Co. ▪ Fund for Development of Youth Projects ▪ Ghazi & Nausherwan ▪ Global Advocacy & Legal Counsel ▪ Grant Thornton ▪ Gray Onflow Contracting ▪ Gulf Equity ▪ Gulf Islamic Investments ▪ Gulzari CPA ▪ Halliday Growth ▪ Hamood Al Hashmi Advocates ▪ Hassan Allam Holding – Kortech ▪ Hejaz Financial Services ▪ House of Emirates ▪ Ibn Khaldun Al Madaen Engineering Consultancy ▪ Idaman ▪ Infocom System ▪ Institute of International Finance ▪ Interest Free Banking & Finance Institute ▪ International Open University ▪ International Turnkey Systems ▪ Iraq National Islamic Bank ▪ Iskan Marketing & Investment ▪ Islamic Financial Services Board ▪ Istanbul Sabattin Zaim University ▪ Jabal Asset Management ▪ Jadwa Investment ▪ Jamal Al Amri Advocates & Legal Consultants ▪ Kalima Communications ▪ Kamco Invest ▪ Kennedys Law ▪ KMA & Partners ▪ KPMG ▪ Leadership Solutions ▪ London Stock Exchange Group ▪ Majan University College ▪ Manjam ▪ MAQ Legal ▪ MAR Law Firm ▪ Marca ▪ Masdar Global Solutions ▪ Meer Group of Investment ▪ MICS International DMCC ▪ Ministry of Finance ▪ Ministry of Foreign Trade ▪ Ministry of Information ▪ Mishkat Ventures ▪ Mohsin Haider Darwish ▪ Mostafa Arabi ▪ Muriya Group ▪ Muscat Clearing & Depository Company ▪ Nasser Bin Abdullatif Alserkal Co ▪ National Bank of Oman ▪ National Islamic Bank Iraq ▪ Neurobay ▪ North Pole Logistics ▪ Northern Trust Asset Management ▪ Nur ul Ilm Institute ▪ OCS ▪ ODDO BHF Group ▪ Oman 70 Holding ▪ Oman Cables ▪ Oman Housing Bank ▪ Oman Investment Authority ▪ Oman Investment Bank ▪ Oman Observer ▪ Oman Refineries and Petro Chemicals ▪ Ooredoo ▪ OQ Exploration and Production ▪ OQ Gas Networks ▪ OQ SAOC ▪ Pak Oman Investment Company ▪ Preqin ▪ Prime Investments ▪ Primecase Law Firm ▪ Principle Global ▪ PwC ▪ Realia Family Office ▪ RSM ▪ Said Al-Shahry & Partners ▪ Salaam Bank ▪ Salalah Cluster ▪ SASLO ▪ Saturna Capital ▪ Saudi Venture Capital Investment Company ▪ Seamen Holding ▪ Sharia University ▪ Sharia Court of Appeal ▪ Sohar International ▪ Sohar Islamic Bank ▪ Standard Chartered Bank ▪ Stephenson Harwood Middle East ▪ Strategic & Precious Metals Processing ▪ Suhail Bahwan Group ▪ Takaful Oman ▪ Tanmia ▪ Tari Enterprise ▪ The Entrepreneurs Group Limited ▪ The National Program For Fiscal Sustainability And Financial Sector Development ▪ The VR Generation ▪ The Zubair Corporation ▪ TIE ▪ Trowers & Hamlins ▪ U Capital ▪ Ubhar Capital ▪ United Plastic Manufacturing Company ▪ United Securities ▪ University Madji Mokhtar Annaba Algeria ▪ University of Nizwa ▪ Vodafone ▪ Wazir ▪ WePelicans Prospective ▪ White & Case ▪ Wonderful Hills ▪ Xilligence Inc ▪ Yands Legal Firm ▪ ZIC Parastatal Organisation Under President Office Ministry of Finance and Planning Zanzibar
Advisory Board

Asad Qayyum
Managing Partner, MAQ Legal
Debopam Dutta
Senior Associate, Trowers & Hamlins
Faisal Islam
Head of Islamic Digital Finance, Kifiya Financial Technologies
Hassan Ali Ansari
CFO, Takaful Oman
Marjan Muhammad
Deputy President Research, ISRA Institute
Saleh Al-Tamami
Co-Founder and CEO, MamunThe Previous IFN Oman Forum
IFN Oman Forum 2024
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 – Financial Services 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
In The News

IFN Monthly Review: May – Sovereign issuers take top billing
Sovereign Sukuk issuers took center stage this month, with Nigeria, Bangladesh and Oman returning to the market and Pakistan launching...

Oman: A hub of activity in Islamic finance
Oman’s Islamic finance sector has evolved significantly in recent years. Recent developments include regulation amendments…

UAE and Oman secure US$1.5 billion financing, featuring Islamic tranches, for Hafeet rail network
The Hafeet Rail network, a US$2.5 billion joint venture connecting the UAE and Oman, has secured US$1.5 billion in project…

Islamic bank in Oman proposes Sukuk Mudarabah issuance worth up to OMR20 million (US$51.83 million)
Alizz Islamic Bank, during its extraordinary general meeting held on the 1st August 2024, secured approval from…
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.
For any inquiries contact us
Our team will be glad to answer any questions you may have about this event.