Finance

Bank credit in Oman surpasses RO 34 billion

Bank credit in Oman surpasses RO 34 billion

MUSCAT: The Central Bank of Oman (CBO) will host the 17th Islamic Financial Services Board (IFSB) Summit in Muscat from February 2–4, 2026, under the theme “Islamic Finance for the Future: Unlocking New Horizons with Global Impact”.

The summit will bring together central banks, regulators, international organisations and industry leaders to explore the growing role of Islamic finance in fostering a stable, ethical and sustainable global financial system.

Panel discussions will cover key issues such as developing the sukuk market, strengthening non-banking financial sectors, financial inclusion, social impact and climate change. Dialogue sessions will also involve private-sector leaders, government agencies, NGOs and youth representatives. An accompanying exhibition will feature contributions from leading players in the Islamic finance industry.

Ahmed bin Ja’afar al Musallami, Governor of the Central Bank of Oman, described the summit as a “strategic turning point” that will help deepen understanding of global economic changes and promote dialogue on innovation-driven cooperation.

He said it would also strengthen the Islamic finance sector’s resilience and chart a path for inclusive and sustainable growth.

Dr Ghiath Shabsieh, Secretary-General of the Islamic Financial Services Board, highlighted the summit’s importance as a global platform for exchanging views on emerging developments in Islamic finance. He said Oman’s hosting of the event underscores its growing role in shaping the industry’s future and promoting its global adoption. — ONA

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