EVENTS & ANNOUNCEMENTS
Oman’s Islamic Economy and Vision 2040’s Bright Horizon
The pandemic has provided a moment of reflection in which more care and attention is being paid to how the global economy functions. For a country that thrives on new ideas and innovation, the UAE is busy engaging with fresh ways to grow sustainably its economy. And across the world the Islamic economy is growing. Over 2019, there were €2.4 trillion invested in Islamic finance assets. 1.9 billion Muslims around the world spent €1,7 trillion across the Islamic economy. Halal food, fashion and recreation being the top three drivers.
Oman’s Islamic banking sector growth is likely to continue apace in 2021-2022 following strong momentum in 2020 despite the pandemic and lower oil prices. Islamic financing in Oman grew by 9.5% in 2020. This was driven by demand for Islamic products, support from conventional banks offering Islamic products through their Islamic windows, and regulations supportive of Islamic finance.
The sector’s growth potential is high given Oman’s Muslim-majority demographics. Challenges for the sector include limited short-term sharia-compliant investment options to place excess liquidity, a relatively low capital base and low customer awareness of Islamic products.
With representatives from the leading players, including Bank Nizwa, The Firm for Business and Economic Consulting and National Finance, The Business Year brings this digital roundtable to discuss the current state of play and the future potential of Oman’s Islamic Banking Sector.
Powered by Zoom, Oman
CLICK ON LINK BELOW TO REGISTER
https://events.thebusinessyear.com/detail/omans-islamic-economy-and-vision-2040s-bright-horizon
Climate Finance Is Failing Africa: The Price of Financing a Crisis Africa Did Not Create
From Consumption to Production: Rethinking Subsidies in Nigeria’s Economic Development
Beyond Fuel Subsidy: What Should Nigeria Subsidize for Development?
-
PUBLICATIONS2 weeks agoHOMAGE: When a Friend Returns to Familiar Places
-
EDITORIAL2 weeks agoSudan: The War Africa Must Not Learn to Ignore
-
SPECIAL REPORTS2 weeks agoIBB at 85: From ‘Evil Genius‘ to Beneficent Oracle
-
ISLAMIC ECONOMY2 weeks agoThe Moral Constitution of the Market: Freedom, Justice, Power and the Common Good in an Islamic Economic Order-Paper Six – Part 2T 2
-
GEOPOLITICS2 weeks agoSudan Today: A Country Divided, but Not Yet Broken
-
POLITICS & GOVERNANCE2 weeks agoZambia’s Second Mandate: the Election Beyond the Election
-
PUBLICATIONS2 weeks ago
Images of the African Child in Chidi Amuta’s Memoir- “HOMAGE: Return to Familiar Places”
-
ENVIRONMENT/DISASTERS2 weeks agoWHEN THE HIMALAYAS BREAK: Nepal, Climate Catastrophe and the Price of a Warming World