Thomson Reuters to host forum on Oman as preferred destination for Sukuk
- Oman: Monday, February 18 - 2013 at 14:48
- PRESS RELEASE
Thomson Reuters, the world's leading source of intelligent information for businesses and professionals, will be discussing Oman's leading position as a preferred investment destination for Sukuk during an upcoming forum set to take place under the patronage of the Capital Market Authority of the Sultanate of Oman (CMA) on February 24, 2013.
With support from the General Council for Islamic Banks and Financial Institutions (CIBAFI) and Islamic Research and Training Institute (IRTI), a member of the Islamic Development Bank group, Thomson Reuters will be holding a forum in Oman investigating what needs to be done to facilitate the country's entry to global Islamic financial markets.
Thought leaders, bankers, and Shariah scholars will discuss the opportunities of setting up Islamic financial markets operations in Oman, how to capitalize on the global Islamic financial markets interest, and explore prospects to develop a strong Islamic interbank and fixed income market.
"Oman finds itself in a very nice position for attracting a disproportionate share of Shari'a sensitive private investment from the rest of the cash rich GCC states and further afar," said Russell Haworth, Managing Director, Middle East and North Africa, Thomson Reuters.
"None of the Islamic banks in the GCC or elsewhere have any exposure to Omani institutions or corporations, unless they have a direct equity stake. Hence, allocating a percentage of their portfolio to Oman is actually a must, besides being a preference," he added.
"The other Middle East jurisdictions have always looked to Oman for investment as it is a country with which they share long standing ties of brethren," said Dr. Omar Hafiz, Secretary General of CIBAFI. "It's just that the Islamic banks could never invest in it. With the announcement to establish Islamic financing activities by His Majesty Sultan Qaboos bin Said Al Said, many Shari'a sensitive investors outside of Oman are interested in invest in Omani financial markets," he added.
"We are pleased to partner with the CMA, Thomson Reuters and CIBAFI to host this investigative forum bringing together all the players in the Omani financial markets to raise the key issues and then documenting them for further action," commented Dr. Azmi Omar, Director General of IRTI.
Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com
Any opinions, advice, statements, offers or other information expressed in this section of the AMEinfo.com Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / 4C. AME Info FZ LLC / 4C is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AMEinfo.com Web site.