Largest commercial bank in Oman launching Islamic banking window; 2010 onwards

 

i. Consulting – Strategic advisory:
  1. Comprehensive Islamic window launch services- strategic plan, business plan, financial projection, regulatory responses, treasury & ALM policies, Shariah compliant alternative to fund transfer pricing
  2. Under the sponsorship of our client, SHAPE® submitted the following to the regulators:
    • Survey of best practices for the regulation of Islamic banking window
    • Recommended adaptation of local law to enable Islamic capital market activities
ii. Training:
  • Multi level, multi courses bank wide training
  • Courses include Foundation of Islamic Banking & Finance, Islamic Retail Banking, Islamic Corporate Banking, Islamic Treasury & Hedging, Islamic Trade Finance, AAOIFI Accounting, IFSB Risk Management, Islamic Project Finance, Sukuk & Securitization, and Islamic Funds
  • Customized Islamic finance briefings to the Bank’s BOD and Islamic finance task force
  • Customized Islamic finance regulatory briefings to the Central Bank of Oman (CBO) & Capital Market Authority (CMA)
iii. Shariah Advisory Board member – upon completion of the consulting assignment, one of SHAPE® member has been appointed to the Shariah Advisory Council of the Bank as industry expert.