Dhofar Islamic spotlights Oman at 17th IFSB Summit

Dhofar Islamic, the Islamic banking window of BankDhofar, sponsored the 17th Islamic Financial Services Board (IFSB) Summit, held recently under the theme “Islamic Finance for the Future: Unlocking New Frontiers with Global Impact.” The event was hosted by the Central Bank of Oman at the St. Regis Hotel in Muscat.
The summit brought together central banks, regulatory authorities, international institutions, and leaders from the Islamic banking industry, aiming to contribute to the development of a global financial system rooted in stability and ethical values. It also focused on key Islamic finance priorities, including addressing current challenges, supporting non-banking financial sector growth, developing the sukuk market, and enhancing financial inclusion.

Amer bin Saeed Al Amri, Chief Executive Officer of Dhofar Islamic, stated: “The 17th IFSB Summit is one of the premier global platforms bringing together industry leaders and Islamic finance institutions under one roof. Our participation reaffirms our commitment to supporting the continuous development of the Islamic financial sector and strengthening its role in building a sustainable financial ecosystem founded on innovation, responsibility, and ethical principles.”

Al Amri emphasized that the future of Islamic finance is promising, noting that collaboration among financial institutions, regulators, and policymakers will continue to drive growth and innovation. He added that Dhofar Islamic looks forward to maintaining its role as an active partner in this progress.
The summit featured nearly 40 speakers across more than 10 specialized networking sessions and over 20 interactive panel discussions. An accompanying exhibition showcased Islamic banking windows, Islamic banks, and key stakeholders from across the sector.

Dhofar Islamic has expanded its network to 30 branches across Oman, offering a wide range of products and services tailored to various customer segments, including children, youth, women, entrepreneurs, and Al-Rifaa and Al-Riadah cardholders. The bank continues to keep pace with the evolving Islamic banking landscape by delivering innovative solutions that meet the highest standards of quality and Sharia compliance. This includes sustained investment in digital banking services to enhance customer experiences through mobile applications and electronic payment systems.

Dhofar Islamic continues to play a key role in shaping the future of Islamic banking by delivering innovative, Sharia-compliant products and services that support the goals of Oman Vision 2040.