Omani finance is expanding rapidly as bank credit surpasses RO 34 billion, highlighting growing opportunities for investors and businesses. Moreover, the increase signals strong demand for loans, financial products, and Islamic finance solutions. Consequently, both local and international stakeholders are showing increased interest in the sector.
The Central Bank of Oman will host the 17th Islamic Financial Services Board Summit in Muscat. Furthermore, the summit will focus on advancing Oman’s finance and exploring its global impact. Central banks, regulators, international organizations, and industry leaders will attend. The event aims to foster ethical, inclusive, and sustainable finance strategies that support long-term economic resilience.
Panel discussions will cover developing the sukuk market, strengthening non-banking financial sectors, enhancing financial inclusion, and addressing climate-conscious investments. In addition, private-sector leaders, government agencies, NGOs, and youth representatives will join dialogue sessions. Meanwhile, an exhibition will showcase contributions from prominent players in Oman finance.
Ahmed bin Ja’afar al Musallami, Governor of the Central Bank of Oman, described the summit as a strategic turning point to boost innovation-driven cooperation. He added that the event will enhance the resilience of Omani finance and guide the sector toward sustainable and inclusive growth.
Dr Ghiath Shabsieh, Secretary-General of the Islamic Financial Services Board, highlighted that the summit provides a global platform for sharing insights on emerging trends in Islamic finance. He also emphasized Oman’s growing role in shaping the global industry and promoting its worldwide adoption.
Investors and businesses should note that Oman finance increasingly emphasizes ethical and socially impactful investments. Therefore, the expansion of Islamic financial products will offer new opportunities for partnerships and capital growth. Moreover, businesses can leverage this momentum to increase financial inclusion and strengthen market access.
The growth in bank credit indicates stronger domestic demand and economic activity. Consequently, Oman’s finance will support entrepreneurship, infrastructure, and innovation. Additionally, international stakeholders are likely to notice, boosting foreign investment and global partnerships.
Overall, Oman’s finance is positioning itself as a regional hub for innovation, sustainability, and inclusive growth. Rising bank credit, strategic initiatives, and international collaboration highlight the sector’s potential to drive long-term economic resilience.
