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Thursday, 6 June 2013

Oman: Bank Nizwa chief throws light on Islamic finance

Muscat: For Islamic banking to succeed, there needs to be an enlightened understanding of Islamic finance, said Dr Jamil El Jaroudi, chief executive of Bank Nizwa, who was speaking at the second GCC International Conference organised by the Institute of Chartered Accountants of India Muscat Chapter (ICAI). 

Dr El Jaroudi and Sohail Abbasi, Bank Nizwa's DGM for Corporate and Commercial Banking, introduced Islamic finance to the delegates in a segment entitled "diversity in the financial world Islamic finance". 

As Oman's first Islamic bank, Bank Nizwa relished the unique responsibility to share its expertise at the seminar and it encouraged a healthy and lively debate on the Islamic finance industry. The seminar which was entitled 'growth, diversity, peace, — the GDP challenge' was held over two days in Shangri-La's Barr Al Jissah Resort & Spa. It gathered together chartered accounts from across the GCC as well as Oman, businessmen and finance professionals and ICAI members from all over the globe.

Raising awareness
"The values, which as chartered accounts are integral to your work, are the same values which are inherent in Islamic banking and the Islamic finance industry. These include excellence, integrity, objectivity and a commitment to the public interest. Bank Nizwa welcomes opportunities which enable us to reach out and build momentum for Islamic banking as well as help people understand more about Islamic finance," Dr El Jaroudi said.

Bank Nizwa is committed to raising awareness at educating at all levels of society on Islamic banking and to demystifying the Islamic finance industry to bring it closer to the general public. It endeavours to motivate and inspire and share its expertise through speaking opportunities, conferences and seminars as well as facilitating debate and the exchange of key learnings.

(Times Of Oman / 05 June 2013)

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