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MENAFN - Muscat Daily - 20/11/2012

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(MENAFN - Muscat Daily) Bank Nizwa, Oman's first Islamic bank, participated in the Islamic banking workshop organised by the Muscat Securities Market (MSM) and Sultan Qaboos University (SQU) as part of the 8th Muscat Securities Market Forum.The workshop focused on Islamic banking and its impact on the Omani economy.The session, according to a press release, was chaired by experts and representatives from the field of Islamic finance in Oman. Abdulsalam Ambusaidi, manager of training and development, represented Bank Nizwa at the event and addressed questions from students pertaining to Islamic banking and the role of Bank Nizwa in spearheading the new era of banking in Oman.Commenting on Bank Nizwa's participation at the workshop, Ambusaidi said, ''As the first Islamic bank in Oman, we consider it a matter of immense pride to participate in the forum and to interact with the large number of students from SQU and the higher education institutions who were present. They are the youth of Oman and they play an important role in the development of the nation.''The workshop gave students the opportunity to interact with experts from the field of Islamic banking and understand its workings and relevance in present day banking.Ambusaidi, along with other experts, was able to shed light on the potential of Islamic banks and windows in the sultanate. Bank Nizwa with its Sharia-compliant products is championing faith-based banking and will support the economy of the sultanate by benefiting the communities that it will be operating in.

 






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