As part of major preparations for the launch of Islamic financial services in the Sultanate of Oman, the Central Bank of Oman (CBO) has delivered an inaugural, dedicated Islamic finance training programme for its officers.
The CBO selected IFAAS (Islamic Finance Advisory & Assurance Services www.ifaas.com) the international Islamic finance consultancy as its training supplier to design and deliver the course, entitled 'The Islamic Banking Foundation Programme'.
IFAAS devised 'The Islamic Banking Foundation Programme' as a bespoke package to meet the specific requirements of the CBO. The programme was delivered to an initial group of the Bank officers and will be rolled out to additional groups in the coming months.
IFAAS delivered the programme as an intensive, and interactive, two week course which was concluded with a formal ceremony where delegates were awarded their certificates. His Excellency Hamood bin Sangour Al Zadjali, Executive President of the CBO, attended the ceremony together with a delegation of senior officials from the CBO and Farrukh Raza, managing director, IFAAS.
A speech was delivered by Raza, highlighting the main points of focus of the training course devised for the CBO. He also presented the key findings of a recent report published by IFAAS report entitled 'Islamic Finance in Oman - Sizing the retail market'. The report was the result of groundbreaking, independent, market research conducted by IFAAS. It analyses the potential market for retail Islamic finance in the Sultanate and the challenges that lay ahead to realise this potential.
The offering, due in 2018, was increased from an initial
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