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Sukuk.me - Oman charts strategy to become part of expanding Islamic finance industry

26/07/2011 02:26:31 PM GMT   Comments ()     Add a comment   Print     E-mail to friend

 [Zawya] Speakers from prominent Islamic financial institutions around the region and high-level delegates from Omani financial institutions and banks gathered to discuss regional best practices and map out a strategy for the nation to become a part of the rapidly growing Islamic finance industry at the recently concluded first ever Oman Islamic Banking Conference. Head of Training at Emirates Islamic Bank, President of the International Association for Islamic Economics and Member of the Shari'a Board on the Dubai Financial Market, stressed the need for creating a fruitful regulatory and legal environment for Islamic finance through creating separate tax and civil laws and financial regulations. "While significant strides have been made in IT infrastructure rendering operations and service more efficient, stakeholders such as banks and technology vendors still need to invest more in Sharia up-skilling and training of staff," said Senior Vice President and Head of Operational Projects and Support at Dubai Islamic Bank. omar1.1 iimm.bnm.gov.my
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