Business interview: Takaful industry has great potential in Oman

Datuk Dr Mohd Daud Bakar is the founder and executive chairman of Amanie Advisors. He chairs the Sharia'a Advisory Council at the Central Bank of Malaysia, the Securities Commission of Malaysia. A Sharia'a board member on various financial institutions in Malaysia and the Middle East, Dr Bakar is also deputy chairman on the board of Al Madina Takaful in Oman. Dr Bakar was recently in Muscat to attend Al Madina's Sharia'a board meeting. He spoke about the global Islamic finance industry and shared his views on the outlook for Oman's Islamic banking and takaful markets. He said that in Oman, awareness needs to be spread at all levels through all available channels.