Awj Signs a Strategic Cooperation Agreement with Tawafuq Islamic Financial Consultancy in the Sultanate of Oman
As part of its ongoing efforts to strengthen international partnerships and bring advanced professional expertise to Palestine, Awj Financial Consulting, Advisory and Arbitration Company has signed a Strategic Professional Cooperation Agreement with Tawafuq Islamic Financial Consultancy in the Sultanate of Oman.
The agreement was signed on behalf of Tawafuq by Dr. Mohammed Omar Al Khalaf, Chief Executive Officer, and on behalf of Awj by Dr. Fadi Mahmoud Abu Diak, Founder and General Director.
The agreement aims to enhance bilateral cooperation in the development of Islamic finance and Islamic economics, the delivery of specialized professional training programs, and the organization of applied scientific workshops. It also covers collaboration in the fields of arbitration, Shariah advisory services, and Shariah audit, in line with internationally recognized professional standards and the evolving needs of financial institutions and the Islamic banking industry.
This partnership carries particular strategic significance given Tawafuq's distinguished regional reputation. As the leading Islamic financial consultancy firm in the Sultanate of Oman, together with its specialized training arm, Tawafuq Institute, the company plays a prominent role in professional capacity building. In addition, Tawafuq serves as the official representative in Oman of the General Council for Islamic Banks and Financial Institutions (CIBAFI), creating valuable opportunities to transfer internationally recognized expertise to Palestine and support the banking, financial services, Takaful insurance, higher education, and university sectors.
On this occasion, Dr. Fadi Abu Diak, Founder and General Director of Awj, stated:
"This agreement marks an important strategic milestone in Awj's journey toward building impactful international partnerships that facilitate the transfer of advanced expertise in Islamic economics and finance to Palestine. Through this collaboration, we aim to serve Islamic banks, Takaful insurance companies, financial institutions, as well as universities and their students, by delivering specialized professional and practical training programs that meet international standards while addressing the unique needs of the Palestinian market."
For his part, Dr. Mohammed Al Khalaf, Chief Executive Officer of Tawafuq, expressed his appreciation for the partnership, stating:
"We are proud to establish this cooperation with Awj, a company distinguished by its clear professional vision and genuine commitment to advancing professional training and capacity building in Islamic finance. Through this partnership, we look forward to delivering high-quality training programs, specialized workshops, and internationally recognized expertise that will benefit financial institutions, Islamic banks, Takaful operators, and the academic sector in Palestine."
Under the cooperation program, the two parties will jointly collaborate to:
Develop and deliver specialized professional training programs in Islamic economics and finance.
Organize scientific and practical workshops for financial institutions and Islamic banking professionals.
Support capacity building within the Takaful insurance sector.
Provide arbitration, Shariah advisory, and Shariah audit services.
Serve universities and higher education students through high-quality professional development programs.
Both parties affirmed that this cooperation represents a significant contribution to the advancement of professional training in Islamic economics across the region. It also reinforces Palestine's integration into the global Islamic finance industry while supporting Awj's mission of delivering specialized professional solutions in accordance with the highest international standards and best practices, under its enduring slogan:
"Halal... and Peace of Mind."
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