The Oman Islamic Economic Forum 2013 (OIEF 2013) is a gathering of policy makers, scholars and practitioners committed to the promotion of Islamic finance in Oman and the international markets. Following the success of OIEF 2011, this year’s conference is expected to be a pivotal event for the industry as Islamic banks begin operations in the Sultanate. Attendees will have the opportunity to take part in discussions between international thought leaders in the industry who expect that Islamic banking and finance will strengthen Oman’s economy and establish it on the global stage.
OIEF 2013 is a two day program to be held on the 1st and 2nd of May 2013 at the Al Bustan Palace Ritz Carlton Hotel. Located a few kilometers from Muscat’s Business district and overlooking the Gulf of Oman, the venue provides the perfect setting for hosting the OIEF.
Islamic economics is not a new phenomenon; it is simply adapting to the challenges of modernity. Its history is replete with examples of ideas and products, thinkers and policies that have contributed to the creation of societies with an impressive socio-economic structure. From financial practices, product development, education and innovation, the Islamic Economy undoubtedly created a culture of excellence. This culture of excellence continues through Islamic banking and finance, a sector that has been praised for its resilience during the credit crisis. The OIEF 2013, will celebrate the achievements of the industry and assess internal and external challenges that need to be overcome. OIEF 2013 brings together world renowned experts in the field to discuss, argue and proffer advice to strengthen the industry. This event is anticipated to be a pivotal event for the industry in Oman, a country which has recently opened its doors to Islamic finance and is making impressive strides in the world markets.
The OIEF will bring together a number of domestic and international stakeholders – financial practitioners, academicians, business leaders and key decision makers- together to discuss critical issues in Islamic finance. The two day conference will consist of a series of group discussions and plenary sessions that will explore the steps Oman needs to take in order to develop its Islamic finance capacity; and offers an agenda for the creation of a robust Islamic finance framework, which will contribute to the economic health of the Sultanate.
Critical issues to be explored includes:
Highlight the centrality and importance of Islamic venture capital in improving R& D in the Muslim world.
Consider how Islamic education needs to adapt to the modern age, and ascertain ways in which collegiate institutions can develop curriculums which create dynamic individuals working from Islamic principles in the commercial world.
Identify failures in producing a robust human resource pool and look into ways in which to develop employment opportunities and entrepreneurship in the Sultanate and beyond.
Explore the synthesis of the Halal industry and Islamic finance and what needs to be done to strengthen the relationship between the two sectors.
Developments in Islamic banking and finance industry in Oman.
Build on the discussions undertaken in OIEF 2011.
The role of Zakat, Waqf and microfinance in Islamic finance and developing corporate social responsibility.
Islamic banking as a tool for economic reform.
Current Shari’a issues.
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