Bank Nizwa participates in the AAOIFI Conference in the Kingdom of Bahrain

Bank Nizwa participates in the AAOIFI Conference in the Kingdom of Bahrain

Muscat: Cementing its position as the leading and most trusted Islamic bank in the Sultanate of Oman, Bank Nizwa participated in the AAOIFI Week for Training and Qualification Programs and the 18th AAOIFI-IsDB Annual Islamic Banking and Finance Conference, organized by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) and the Islamic Development Bank, held in the Kingdom of Bahrain. The two events witnessed enlightening workshops and thought-provoking sessions led by experts and decision makers from the Islamic Finance sector in the region, along with Bank Nizwa’s experts.

The two-day conference themed ‘Strategies for the Impending Economic Slowdown and a Post Oil World: Through Economic Diversification and Leveraging Islamic Finance’ saw keynote addresses by leading master trainers, as well as various panel discussions which deliberated on the key aspects of Islamic finance, and challenges facing the sector.

The event witnessed the signing of a Memorandum of Understanding (MoU) between Bank Nizwa and the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI), further strengthening the bank’s efforts to raise awareness about Islamic banking. The MoU was signed by Mr. Salim Al Maharbi, Chief Financial Officer, Bank Nizwa, and His Excellency Sheikh Ebrahim bin Khalifa Al Khalifa, Chairman of AAOIFI Board