AFRICAN ISLAMIC FINANCE SUMMARY

Islamic finance in Africa has been steadily growing in recent years, driven by a combination of factors, including a growing Muslim population, increasing interest in ethical finance, and the desire to diversify financial services.

Africa is the world’s second largest and most popular continent after Asia. With 1.0 billion people, it accounts for about 14.72% of the world’s human population. According to the World Book Encyclopaedia, Islam is largest religion in Africa, followed by Christianity.

The region has significant potential as it is home to more than 413 million Muslims and the Islamic finance industry in Africa is rather untapped. Islamic banking and their products are likely to be most popular in the parts of Africa comprising the highest concentration of Muslims such as North Africa, large part of West Africa and down the eastern seaboard. Islamic banking is also expected to become attractive in countries with significant population of Muslim business persons such as in South Africa.

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

Quickly harness dynamic thinking through value added models.

Islamic Banking and Finance
Introduction of Islamic Financial Products/operation in Africa
Regulatory Framework of Islamic Banking and Finance in Africa
Policy and strategy development for financial inclusion through Islamic banking
Financial inclusion and poverty alleviation
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 solution for international crises
Structuring of Shariah compliant fund
Development of Islamic Microfinance in Africa
Conceptual Framework of Islamic Microfinance
Sustainability outreach and Problems pertaining to microfinance system
Islamic Micro Financial Products mechanisms & Compatibility with conventional microfinance products
Shariah Governance in Islamic Banking
Developmental Role of Shariah Governance
Shariah Governance and Shariah Compliance Framework
Current trends in Shariah compliant financial inclusion
Investment Opportunities in Africa
Investment opportunities on Islamic Banking in Africa
Emerging trends of Islamic banking and finance in Africa
How the Somaliland can play a vital role for the development of Islamic banking and financial sector in Africa
Creation of Shariah compliant investment avenues in Africa
Download Event Agenda

Two Days Post Event Workshop on Islamic Banking, Takaful and Islamic Microfinance - March 6th - 7th, 2024

Two Days Post Event Workshop Agenda
Riba & Its Prohibition
Islamic Banking and Finance industry
Trade Based Mode of Islamic Banking & Finance (Murabahah)
Basic Rules & Kind of Bai (Trade) in Islamic Banking and Finance.
Partnership Based Mode of Islamic Banking & Finance (Mudarabah & Musharakah)
Diminishing Musharakah
Rental Based Modes of Islamic Banking & Finance
Islamic Microfinance & its Product Mechanism
Takaful (Islamic Insurance)
Download Event Agenda

Two Days Post Event Workshop on Islamic Banking, Takaful and Islamic Microfinance - March 6th - 7th, 2024

Two Days Post Event Workshop Agenda
Riba & Its Prohibition
Islamic Banking and Finance industry
Trade Based Mode of Islamic Banking & Finance (Murabahah)
Basic Rules & Kind of Bai (Trade) in Islamic Banking and Finance.
Partnership Based Mode of Islamic Banking & Finance (Mudarabah & Musharakah)
Diminishing Musharakah
Rental Based Modes of Islamic Banking & Finance
Islamic Microfinance & its Product Mechanism
Takaful (Islamic Insurance)
Download Event Agenda

Travel Information

Quickly harness dynamic thinking through value added models.

Event Venue

The Ambassador hotel, a Luxury Hotel with international standards, nests on top of the hills overlooking the panoramic view of the capital city of Hargeisa, and provides you the finest in hospitality. Read More

About Visa

Easy ways to get Visa for 11th African Islamic Finance Summit - March 5, 2024 at Hargeisa, Somaliland. Read More

About Somaliland

Somaliland, officially the Republic of Somaliland, is an unrecognised sovereign state in the Horn of Africa, recognised internationally as de jure part of Somalia. It is located in the southern coast of the Gulf of Aden and bordered by Djibouti to the northwest, Ethiopia to the south and west, and Somalia to the east. Its claimed territory has an area of 176,120 square kilometres (68,000 sq mi), with approximately 5.7 million residents as of 2021. Read More

11th African Islamic Finance Summit Sponsorship Package