Hamood Sangour al Zadjali

Powerhouse partners from across global Islamic financial ecosystem joining World Islamic Banking Conference

More than 1200 distinguished guests from more than 45 countries and 300 organizations participating this December, Bahrain

Key players from the global Islamic finance industry will be participating with the 22nd annual World Islamic Banking Conference (WIBC) 2015, taking place on the 1st, 2nd and 3rd of December at the Gulf Hotel, Bahrain. Focusing on 'New Realities, New Opportunities', WIBC will play host to more than 1200 leaders including Central bank governors, regulators, C-suite bankers & asset managers, policy makers, Fintech entrepreneurs and contemporary thought leaders.
WIBC 2015 will host 5 central bank Governors and deputy governors and feature speeches and discussions by the Governor of the Central Bank of Bahrain, H.E. Rasheed Al Maraj, the Executive President of the Central Bank of Oman, H.E. Hamood Sangour Al Zadjali, Deputy Governor of the State Bank of Pakistan, Riaz Riazuddin and the Deputy Governor of the National Bank of Kazakhstan, Nurlan Kussainov.

Oman to consider licences for foreign Islamic banks in 2-3 years

According to the executive president of Oman's central bank, Hamood Sangour al Zadjali, the country has no plans to allow foreign Islamic lenders to set up operations in the sultanate. Opportunity will be given to local banks first to see how the market develops. He mentioned that they will observe the market for two to three years and then decide whether to add more banks or not. Currently, two Islamic banks and six Islamic banking windows are operating in Oman.

Oman bank to release Islamic banking guidelines by early February

Hamood Sangour al Zadjali, xecutive president of Oman's central bank, stated that Islamic banking guidelines are set to be released by early February, while the Sultanate prepares for the launch of the two Islamic banks by June.
He added that they haven't yet received proper applications from banks as they are awaiting regulations to be issued.

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