7th Global Islamic Microfinance Forum 2017 - Event Award

About African Takaful Awards

About AlHuda CIBE:

AlHuda Center of Islamic Banking & Economics (CIBE) is working dedicatedly for the promotion of Islamic banking, finance and Islamic microfinance by offering Trainings, Awareness Workshops, Product Development, Advisory, and Consultancy. AlHuda CIBE has organized numerous international conferences, forums and customized training workshops on Islamic Banking and Finance, Islamic Microfinance and Takaful in order to impart the knowledge to the masses and to promote the awareness of the stupendous industry.

About Takaful Consultancy Wing – AlHuda CIBE:

Takaful consultancy wing of AlHuda CIBE offers expert services of Consultancy, Advisory, Training, Capacity Building, Research and Shari’ah compliant product development for the Insurance Industry to ensure ready availability of Takaful (Islamic Insurance) products and services with prudent practices around the Globe.

About African Takaful Awards:

As one of the most developed countries in Africa, Nigeria has clear and strong economic potential. Takaful has the potential to become a strong segment of Nigeria’s life insurance sector. Takaful can be a platform for financial inclusion, however, not just for Muslims, but also for certain segments of the country’s Christian population. Takaful could also have a positive impact on insurance penetration overall. For this to happen, however, NAICOM believes more trust would have to be built in takaful, especially among Nigeria’s Muslim population.

Growth in the Takaful industry in general can be escalated if well planned and targeted awareness campaigns could be run within the country. AlHuda CIBE is committed to impart sound knowledge about Islamic banking and finance around the globe. For this, AlHuda CIBE is going to organize African Takaful Awards in Nigeria. It would surely play a pivot role in the capacity building, attracting investors and most importantly develop a robust financial system for a vibrant economy.

Selection Criteria:

At the heart of the selection methodology, the comprehensive research undertaken by AlHuda CIBE. There are two ways for nominations are determined. The first is where nominations are accepted from industry players who would like to be considered for an African Takaful Awards in a particular category. This is the case for “Self Nominations.” The second is where the research team recommends to the Nomination Committee the names of the institutions and individuals, which their research supports for an African Takaful Awards. These prestigious awards provide ample opportunities to everyone in the industry to compete by excelling in their respective fields and promoting themselves through media and other means of communication.

Nominations for African Takaful Awards 2018 will be received in the below given categories.

Award Categories

  • Best Takaful Company in Africa
  • Best Re Takaful Company in Africa
  • Best Micro Takaful Company in Africa
  • Best Contributor to Takaful Industry
  • Best IT Solution Provider for Insurance Industry
  • Best Actuary Institute
  • Best Shariah Advisory
  • Best Shariah Scholar
  • Best Banca Takaful Product
  • Best Takaful Product
Each category may have up to five nominations. The nominees’ identities may be kept confidential if the confirmed participating nominees prefer so.

2nd International Islamic Microfinance Awards 2017