Event Description

The latest Sukuk regulation issued by the Capital Market Authority is set to see Oman participate more actively in the Islamic finance space, despite being the last player to join the Islamic finance club in the GCC. Oman has made commendable progress since its 2015 debut sovereign Sukuk sale, with another offering expected in the second quarter of 2016. Now with a dedicated legal framework in existence, it is expected that corporate players will take advantage of the conducive environment in tapping the Sukuk space to meet their funding needs. Having hosted the IFN Seminar, Dialogue and Report in 2016, the event for 2017 will evolve into a forum with an expected larger number of participants,against the backdrop of further inroads that Oman has made in the industry thus far. The forum will see experts and investors from neighboring countries weigh in on current economic challenges in light of lower commodity prices and volatile market conditions, and how the development of the Islamic financial market in the country will create an efficient alternative channel to mitigate further disruptions to business and economic activities.