Alizz Islamic Bank has launched the First Shari’a Supervisory Summit for Islamic Banks, bringing together Shari’a scholars, supervisory board members and Islamic finance experts to strengthen Shari’a governance and promote knowledge sharing across the sector.
The three-day summit, being held from June 28 to 30 under the bank’s Manar Alizz knowledge-sharing initiative, focuses on enhancing awareness of Islamic banking principles and reinforcing the Shari’a foundations of the Islamic finance industry.
The summit features discussions on Shari’a governance, industry best practices and the role of supervisory frameworks in ensuring the credibility, integrity and sustainability of Islamic financial services.
Participants are also taking part in specialized workshops covering Zakat fund investments, Takaful, Islamic finance fundamentals, Shari’a audit and Shari’a non-compliance risks, alongside a panel discussion on structuring Islamic financial contracts.
The initiative supports Alizz Islamic Bank’s strategy to advance Islamic finance knowledge, strengthen Shari’a governance practices and develop national talent through specialized professional and educational platforms.
Issa Al Riyami Head of Shari’a Compliance & Audit – Alizz Islamic Bank
“The First Shari’a Supervisory Summit for Islamic Banks represents a pioneering platform for raising awareness of the vital role that Shari’a supervision plays in strengthening the principles of governance, integrity, and trust within the Islamic financial services industry. Through the ‘Manar Alizz’ initiative, Alizz Islamic Bank continues its efforts to provide specialized knowledge-sharing platforms that contribute to the development of national talent and the promotion of best professional and Shari’a practices, thereby supporting the sustainability and growth of the sector.”
Al Riyami added that, “We also emphasize that this summit belongs to all Islamic banks operating in the Sultanate of Oman and reflects the spirit of collaboration and integration among industry institutions in pursuing shared objectives and fostering the exchange of professional knowledge and expertise. The generous support and active participation demonstrated by colleagues across the Islamic banking sector highlight a strong sense of professional responsibility and a collective commitment to advancing the Shari’a governance and supervisory framework.
The First Shari’a Supervisory Summit also serves as a platform for dialogue, collaboration and knowledge exchange, reinforcing the role of Islamic banking in supporting sustainable economic and social development.
