The Muslim influence on mankind’s understanding of the world is unquestionable, and in some respects, unparalleled. For several centuries, Muslims were at the forefront of ingenuity and innovation in all physical and social sciences. There is a long history of Muslim scientists who have contributed to the fields of mathematics, astronomy, biology, geology, law, etc. Polymaths such as Ibn Sina, Al-Biruni, ibn Rushd, and countless others, were part of an intellectual milieu has had a resounding impact on the present day.
However, there has been a decline in the intellectual originality and inventions from the Muslim world. The World Intellectual Property Indicators (WIPI) 2012 showed that no Muslim country (apart from Turkey in industrial design) appear among the top 15 in producing global Intellectual Property.
Hence, there is a need to stir a debate on how to reclaim this tradition of exploration and recreate a Culture of Excellence. Islamic finance offers an excellent tool for spreading investment and creating the environment for the generation of inventors and innovations. Yet the industry itself needs to find the right direction and move beyond intermediation between borrowers and lenders, rather focusing on societal alleviation and development in all forms and at all times.
Amjaad Group is proud to be organizing the 2nd Oman Islamic Economic Forum to be held on May 1 and 2, 2013at Al Bustan Palace, Muscat. OIEF 2013 intends to act as a conduit of ideas and a forum in which discussions will take place on how Islamic economics, banking and finance can assist in the development of the knowledge economy.
Objectives of OIEF
Review of the socio-economic developments pertaining to Islamic finance in Oman, and identify points of actions.
Highlight the centrality and importance of Islamic venture capital in improving R& D in the Muslim world.
Consider how Islamic education needs to adapt to the modern age, and ascertain ways in which collegiate institutions can develop curriculums which create dynamic individuals working from Islamic principles in the commercial world.
Identify failures in producing a robust human resource pool and look into ways in which to develop employment opportunities and entrepreneurship in the Sultanate and beyond.
Explore the synthesis of the Halal industry and Islamic finance and what needs to be done to strengthen the relationship between the two sectors.
Build on the discussions undertaken in OIEF 2011.
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