Given the steady progress strategy of the Sultanate coupled with its dependability on diversified economic sources and the all around efforts in developing its capabilities in Islamic finance, Takaful and the factors in relation to the social responsibility in the Islamic finance sector, the country has a commendable potential to be a pioneer in Islamic banking.
Apart from the current issues in Islamic law covering finance, economic development, role of Zakat and the corporate social responsibility were also discussed. Six working sessions were conducted with special focus on the nation’s potential to be a pioneer in this area………………………………………..Full Article: Source