Bank Nizwa highlights journey of Islamic Finance in Oman to students from Paris Dauphine University
A delegation of 10 researchers and post graduate students from Paris Dauphine University visited Bank Nizwa’s head office to gain a deeper understanding of Islamic finance in Oman and the role the bank has been playing in growing the sector since inception in 2013. The visit comes as part of a regional roadshow organized by the university to meet experts from the most recognized Islamic banks and institutions in the Middle East.
“As Oman’s ambassador of Islamic finance, we are continuously looking to showcase the phenomenal growth of the industry in the Sultanate, share and highlight our journey thus far and above all continue raising awareness on the benefits of Shar’ia-compliant banking,” said Dr. Jamil El Jaroudi.
He added, “Dauphine University is ranked among the best universities and business schools in France, therefore, it was a great opportunity to build bridges of cooperation and explore the potential of Islamic finance in France and the francophone world.”
Bank Nizwa has been committed to raising awareness on Islamic finance through dialogue and seminars. Most notable was the bank’s nationwide initiative, ‘Islamic Finance Knowledge Series’, a roadshow to educate public and private sectors and communities across the Sultanate on the benefits of the sector. Over the years, Bank Nizwa has played host to various international delegations including the University of Washington and the Right Honorable Alderman Alan Yarrow, Lord Mayor of London, to name but a few.
The formation of Bank Nizwa came about with the Central Bank of Oman granting its initial approval to the licensing of the Bank to Sheikh Saud bin Ali Al Khalili. Sheikh Saud and a further 92 other Omani individuals, companies and pension funds constitute the founder shareholders of the Bank.
Bank Nizwa is Oman’s first dedicated Islamic bank, with fully Shari’a compliant products and services.
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