BANK NIZWA CEO: COMPLIANCE WITH SHARIA IS KEY TO MAKE ISLAMIC FINANCE MAINSTREAM IN OMAN
Continuing to lead the Islamic finance industry across the Sultanate, Bank Nizwa CEO, Khalid Al Kayed and Shari’a Supervisory Board Member of Bank Nizwa, Sheikh Ibrahim bin Nasir Al Sawafi participated at the 8th Shura Sharia Audit Conference. During his speech, Al Kayed highlighted Bank Nizwa’s role in supporting such initiatives, and growing the Islamic finance sector in the Sultanate. Two more senior team members from the bank participated in panel discussions. Dr. Mansour Al Qudah, Head of Sharia presented a paper titled ‘Adopting COSO Methodology in Sharia Audit and jointly presented another paper titled ‘Reality of Sharia Audit in Oman’ with Mr. Abdulrahman Shaikh, Sharia Audit Chief Manager at the bank.