AFRICAN ISLAMIC FINANCE SUMMARY

AlHuda CIBE has been conducting African Islamic Finance Summit from last Ten years. This time, AlHuda CIBE will be holding the 10th African Islamic Finance Summit on May 3, 2023 with two days post event workshop on May 4 - 5, 2023 in The Gambia.

AlHuda is encouraging practitioners, Islamic Finance institutions, Government Institutions by building up to acknowledgement of Islamic Financial System. It is providing a platform for dialogue between organizations and Networks to provide up to date knowledge of various aspects of Islamic Finance. This will promote Islamic financing for entrepreneurship and SME worldwide. These are the reasons why these events are conducted internationally so that masses can enjoy its perquisites. State-of-art knowledge about African Islamic Finance Summit is shared in these Summit’s through sessions, speeches and presentations designed under different tracks focused on active learning within the particular subject, participants can have a global perspective of Islamic Finance.

Previous Events SPEAKERS

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Mr. Zubair Mughal

Chief Executive Officer
AlHuda Centre of Islamic Banking and Economics Pakistan
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Dr. Bernard Y. Kibesse (Chief Guest)

CDeputy Governor, Financial Stability and Deepening, Tanzania.
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Hon. Dr. Ashatu K. Kijaji (MP) (Chief Guest)

Deputy Minister Ministry of Finance and Planning, Tanzania.
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Pro. Faustin Kamuzora (Guest Of Honor)

Permanent Secretary , The Office of Vice President, Tanzania.
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Sheikh Abubakar Zubeir Mbwa (Guest Of Honor)

Grand Mufti, BAKWATA-The National Muslim Council of Tanzania, Tanzania.
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Mr. Said Salim Awadh Bakhres (Guest Of Honor)

Chairman, Bakhresa Group of Companies, Tanzania.

Event Agenda

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Inauguration Session
Recitation of Holy Quran
Welcome Address
Inaugural & Key Note Address
Group Photo
Technical Session - I: Islamic Banking, Finance, FinTech & Financial Inclusion
Introduction of Islamic Financial Products/operation in Africa
Regulatory Framework of Islamic Banking and Finance in Africa
Islamic Banking & Finance emerging Opportunity and Potential in Africa
Policy and strategy development for financial inclusion through Islamic banking
Financial inclusion and poverty alleviation
Current trends in Shariah compliant financial inclusion
Islamic Finance and Financial Inclusion
Panel Session: Development of Islamic Microfinance in West Africa
Incidence of Poverty and Low Economic opportunity
Conceptual Framework of Islamic Microfinance
Islamic Microfinance Characteristics
Sustainability outreach and Problems pertaining to microfinance system
Islamic Micro Financial Products mechanisms & Compatibility with Conventional Microfinance Products
Technical Session - II: Takaful (Islamic Insurance), Sukuk & Islamic Capital Market
Takaful (Islamic Insurance) and Takaful Models
How Takaful industry can facilitate Islamic financial industry in Africa
Innovative products of general & family Takaful
Takaful management system
How Sukuk can facilitate the Gambian government for country development
Asset based financing: A complete risk free solutions for International crises
Structuring of Shariah compliant fund
Technical Session III: Investment Opportunities in Africa
Investment opportunities on Islamic Banking in Africa
Emerging trends of Islamic banking and finance in Africa
How Gambia can play a vital role for the development of Islamic banking and financial sector in Africa
Creation of Shariah compliant investment avenues in Gambia
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Two Days Post Event Workshop on Operational aspects of Islamic Banking, Islamic Microfinance and Takaful - May 4 - 5, 2023

Riba & Its Prohibition
What is Riba (Interest)? Prohibition of Riba in Islam.
Islamic Banking and Finance industry
Introduction to Islamic Banking and Finance.
Overview of Islamic Banking and Financial Industry – Worldwide.
Islamic Banking and Finance in Worldwide (Potential and future prospects)
Islamic Banking Products in Worldwide
Shariah Perspective of Islamic Banking and Finance
Trade Based Mode of Islamic Banking & Finance (Murabahah)
Basic Rules & Kind of Bai (Trade) in Islamic Banking and Finance.
Some Basic Types of Bai (Murabahah, Salam, Istisna, Tawarruq, Musawamah Surf, Eenna, Touliya, Wadhia etc)
Bai according to Quality (Bai Salah, Bai Fasid, Bai Batil, Bai Maqoof, Bai Majool, Bai Muqayaddah, Bai Mu’ajal etc )
Murabahah
Basic Features of Murabahah
Stages involve in Murabahah Transaction.
Shariah compliance & legal documentation of Murabahah contract.
Murabahah in International Trade.
Practical aspects & issues of Murabahah
Partnership Based Mode of Islamic Banking & Finance (Mudarabah & Musharakah)
Mudarabah
The basic rules and Features of Mudarabah
Distribution of Profit & Loss in Mudarabah
Musharakah
The basic rules and Features of Musharakah.
Distribution of Profit & Loss in Musharakah.
Diminishing Musharakah
Determine the Rental in Diminishing Musharakah
Unit Sale mechanism in Diminishing Musharakah
Diminishing Musharakah as Ideal product for Islamic Housing Finance.
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Two Days Post Event Workshop on Operational aspects of Islamic Banking, Islamic Microfinance and Takaful - May 4 - 5, 2023

Rental Based Modes of Islamic Banking & Finance
Ijarah (Islamic Lease)
Introduction and Brief Perspective of Ijarah.
Shariah alternative of Conventional Leasing - Ijarah.
Ijarah (Operating Lease) vs. conventional leasing (Financial Leasing)
Islamic Microfinance
A Glance on Islamic Microfinance
Riba and Prohibition of Riba
Economics Rationale for Prohibition of Riba
Deference between Islamic Microfinance & Conventional Microfinance Mechanism
Development of Islamic Microfinance in worldwide
Sustainability outreach and Problems pertaining to microfinance system
Different Models & Deposit Management in Islamic Microfinance
Definitions, Concepts & Uses of Waqf, Qarz – e – Hassan, Cooperatives & Zakat in Islamic Microfinance system
Liability (Deposit) Management Techniques for Islamic Microfinance
Development of Islamic Microfinance in Pakistan/Mauritius
Takaful (Islamic Insurance)
Introduction to Takaful (Islamic Insurance)
Takaful in Islamic Era.
Basic Features of Takaful.
Structural & Operational details of Takaful,
Structure of Takaful Products
Operation and performance of Takaful.
Legal and regularity framework in Takaful.
Organizational Principles, Basis, Value Proposition, Law, Ownership, Management Status, Management and Invest Status in Conventional Insurance and Takaful
Legal and Regularity requirement of Takaful.
Takaful Models
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Travel Information

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Event Venue

The Sir Dawda Kairaba Jawara International Conference Center, The Gambia Read More

About Visa

Easy ways to get Visa for 10th African Islamic Finance Summit - May 3, 2023 at The Gambia. Read More

About The Gambia

The Gambia, officially the Republic of The Gambia, is a country in West Africa. It is the smallest country within mainland Africa and is surrounded by Senegal, except for its western coast on the Atlantic Ocean. The Gambia is situated on both sides of the lower reaches of the Gambia River, the nation's namesake, which flows through the centre of the Gambia and empties into the Atlantic Ocean. Read More

10th African Islamic Finance Summit Sponsorship Package