Sohar Islamic participates in annual forum of Imam Jaber bin Zaid Waqf Foundation as Strategic Partner

03-14-2023 Back to Newsroom

Sohar Islamic, Sohar International’s Islamic Window, has reiterated its commitment to advancing humanitarian causes for the betterment of society by sponsoring and participating in the 2nd edition of the annual forum of the Imam Jaber bin Zaid Waqf (endowments) Foundation. The forum, which took place on March 12 at the Sheraton Hotel Oman, was held under the patronage of HE Abdulsalam Al Murshidi, Executive President of Oman Investment Authority (OIA), the Sultanate of Oman's Sovereign Wealth Fund.

Mr. Abdul Wahid Al Murshidi, the Chief Islamic Banking Officer of Sohar International, represented the bank at the forum and participated at the panel discussion which highlighted the Endowments Investment Planning. Sohar Islamic, through a dedicated booth, exhibited its range of products and services and highlighted the pivotal role played by Waqf in the community. The occasion was conducive for Sohar Islamic to showcase its unwavering dedication towards promoting social responsibility and making a positive impact on the community. In recognition of its partnership and support, Sohar Islamic received a token of appreciation during the event which was received by Mr. Abdul Wahid Al Murshidi.

Mr. Abdul Wahid Al Murshidi emphasized that Waqf, which is a form of Islamic philanthropy, is a crucial, effective, and meaningful resource for financing projects that align with sustainability, ethics, and transparency. He commented: “As a responsible corporate entity, Sohar Islamic believes that it is incumbent to promote awareness of the advantages of Waqf and its potential to support humanitarian causes that contribute to the overall well-being of society. By participating in the Imam Jaber bin Zaid Waqf Foundation's annual forum, Sohar Islamic further substantiate its emphasis on establishing meaningful partnerships with organizations committed to promoting social solidarity, compassion, and philanthropy.”

This forum serves as a testament to the Imam Jaber bin Zaid Waqf Foundation’s unwavering commitment towards enriching the knowledge and awareness of the endowment sector in the Sultanate of Oman, with a particular emphasis on augmenting investment strategies. Its principal objective is to foster heightened awareness and expertise among the individuals responsible for endowment institutions in the field of investment and to promote effective communication between such institutions. The forum aims to convene boards of directors of endowment institutions, decision-makers within the endowment sector, agents and specialists in endowments, academics, interested individuals, and those associated with the Islamic exhibition industry who share a common interest in the endowment sector.

Sohar Islamic has been lauded for its community-centric philosophies and its ongoing efforts directed at accelerating socio-economic progress in the Sultanate while adhering to industry best practices and the norms that surround Islamic banking. The bank aspires to continue to establish meaningful partnerships with organizations that align with its values of promoting social solidarity, compassion, and philanthropy.

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