Financial Islam - Islamic Finance
  • Home
  • News
  • The Islamic law
    • Socio-economic Justice
    • The ownership of wealth
    • Prohibition of Riba, Maysir and Gharar
    • Zakah
  • Islamic Economics
    • Shareholding in Islam
    • Loans and debts in the Sharia'h
    • The Islamic Development Bank
  • Islamic Finance
    • Financial intermediation
    • Islamic accounting
    • Financial statements analysis
    • Regulation and Supervision
      • Shari’ah Boards
      • Operations within the conventional system
    • Islamic Commercial contracts
      • Relationship with central banks
      • Valid transactions
      • Mudarabah
      • Musharakah
      • Diminishing Musharakah
      • Murabahah
      • Salam
      • Istisna'a
      • Ijarah
      • Wakalah
      • Other contracts
  • Islamic Banking Operations
    • Starting an Islamic Bank
    • Commercial transactions
    • Deposits
    • Islamic credit cards
    • Fee-based services
    • Letter of Credit
    • Bank Guarantee
    • Modes of financing and investment
      • Ijarah financing
      • Musharakah and Mudarabah certificates
      • Diminishing Musharakah
      • Replacing interest-based lending
    • Capital Market Operations
      • Islamic Unit Trusts
      • Islamic Fund Structures
      • Investment screening
      • Islamic Market Indexes
      • Islamic ETF
      • Venture Capital
      • Foreign exchange
  • Sukuk
    • Sukuk structures
    • Controversy
    • Indexation of financial obligations
    • Risks underlying Sukuk
  • Takaful
    • Takaful Agreements
    • Takaful models
    • Areas of Takaful
    • General insurance
    • Life insurance
    • Reinsurance
    • Corporate Governance
  • Video Zone
  • Events Agenda 2016
    • Events Agenda 2015
    • Events Agenda 2014
    • Events Agenda 2013
    • Events Agenda 2012
    • Events Agenda 2011
    • Events Agenda 2010
  • Glossary
  • Contact
  • 404
  • Home
  • News
  • The Islamic law
    • Socio-economic Justice
    • The ownership of wealth
    • Prohibition of Riba, Maysir and Gharar
    • Zakah
  • Islamic Economics
    • Shareholding in Islam
    • Loans and debts in the Sharia'h
    • The Islamic Development Bank
  • Islamic Finance
    • Financial intermediation
    • Islamic accounting
    • Financial statements analysis
    • Regulation and Supervision
      • Shari’ah Boards
      • Operations within the conventional system
    • Islamic Commercial contracts
      • Relationship with central banks
      • Valid transactions
      • Mudarabah
      • Musharakah
      • Diminishing Musharakah
      • Murabahah
      • Salam
      • Istisna'a
      • Ijarah
      • Wakalah
      • Other contracts
  • Islamic Banking Operations
    • Starting an Islamic Bank
    • Commercial transactions
    • Deposits
    • Islamic credit cards
    • Fee-based services
    • Letter of Credit
    • Bank Guarantee
    • Modes of financing and investment
      • Ijarah financing
      • Musharakah and Mudarabah certificates
      • Diminishing Musharakah
      • Replacing interest-based lending
    • Capital Market Operations
      • Islamic Unit Trusts
      • Islamic Fund Structures
      • Investment screening
      • Islamic Market Indexes
      • Islamic ETF
      • Venture Capital
      • Foreign exchange
  • Sukuk
    • Sukuk structures
    • Controversy
    • Indexation of financial obligations
    • Risks underlying Sukuk
  • Takaful
    • Takaful Agreements
    • Takaful models
    • Areas of Takaful
    • General insurance
    • Life insurance
    • Reinsurance
    • Corporate Governance
  • Video Zone
  • Events Agenda 2016
    • Events Agenda 2015
    • Events Agenda 2014
    • Events Agenda 2013
    • Events Agenda 2012
    • Events Agenda 2011
    • Events Agenda 2010
  • Glossary
  • Contact
  • 404

The growing trend of Islamic banking in Africa

1/16/2019

0 Comments

 
Picture
On February the 6th an African Interest-Free Banking and Finance Forum (AIBFF) will convene in Addis Ababa – Ethiopia to explore and discuss innovative financial inclusion strategies for Islamic banking in Africa.

The idea is to create clear pathways to financial and economic Solutions. This Apex event is organized by AlHuda CIBE.

As a statement from AlHuda CIBE states, more than 18 countries will be participating in this event. The event, themed ‘to explore the untapped potential of interest-free Finance market of Africa and to adopt the latest trends’ is expected to address the challenges and discover the new opportunities in interest-free financial industry of Africa.

The interest-Free Banking and Finance is good solution for Banking and Financial needs. The forum will cover a variety of topics including Interest-Free Finance and Financial Inclusion, Takaful, Investment opportunities in Africa and Ethiopia and Sukuk (the Interest-Free Bonds).
The main objectives of the forum include recognizing significant developments in Interest-free Financial Infrastructure of Africa. It also hopes to provide linkages of African Interest-free Finance industry with international financial market and demonstrate the flexibility of Interest-free Financial markets during recent financial crisis.
At the event, the objective is also to share the best practices of the international Interest-free banking market with African Interest-free finance Industry, assessing innovations in Interest-free financial markets through the growth of newly developed research based products etc.
The event is open for the public with a small entrance fee. It is highly recommended that organizations, companies and banks join the summit in order to gain the maximum benefit from this international event in Ethiopia.
According to the Chief Executive Officer, AlHuda CIBE – UAE Mr. Muhammad Zubair Mughal, interest-free finance is fastest growing area in African countries.

“Interest-free finance is not only developing its roots in Muslim countries but many non-Muslim countries are getting benefit from it. AlHuda Centre of Islamic Banking and Economics (CIBE) is committed to providing specialized Training, Advisory and Research globally with commitment, dedication, and aspiration in Africa. Keeping the above vision in mind, AlHuda CIBE with its vibrant staff has been working with full dedication since 2006 for strengthening Interest-free Financial System.” He said adding that AlHuda CIBE already have its footprints in Tanzania, Somaliland, Uganda, South Africa and Nigeria.

“But in next six months we will unlock two new countries from Africa including Ethiopia for our services.” He added.

He also announced the “African Interest-free Banking and Finance Awards” to recognize the industry leaders and experts.

exchange.co.tz

0 Comments



Leave a Reply.

    /news.htmlPicture

    RSS Feed

Powered by Create your own unique website with customizable templates.
Photos used under Creative Commons from Ranoush., MUSHU", Dave_B_, Open.Michigan
  • Home
  • News
  • The Islamic law
    • Socio-economic Justice
    • The ownership of wealth
    • Prohibition of Riba, Maysir and Gharar
    • Zakah
  • Islamic Economics
    • Shareholding in Islam
    • Loans and debts in the Sharia'h
    • The Islamic Development Bank
  • Islamic Finance
    • Financial intermediation
    • Islamic accounting
    • Financial statements analysis
    • Regulation and Supervision
      • Shari’ah Boards
      • Operations within the conventional system
    • Islamic Commercial contracts
      • Relationship with central banks
      • Valid transactions
      • Mudarabah
      • Musharakah
      • Diminishing Musharakah
      • Murabahah
      • Salam
      • Istisna'a
      • Ijarah
      • Wakalah
      • Other contracts
  • Islamic Banking Operations
    • Starting an Islamic Bank
    • Commercial transactions
    • Deposits
    • Islamic credit cards
    • Fee-based services
    • Letter of Credit
    • Bank Guarantee
    • Modes of financing and investment
      • Ijarah financing
      • Musharakah and Mudarabah certificates
      • Diminishing Musharakah
      • Replacing interest-based lending
    • Capital Market Operations
      • Islamic Unit Trusts
      • Islamic Fund Structures
      • Investment screening
      • Islamic Market Indexes
      • Islamic ETF
      • Venture Capital
      • Foreign exchange
  • Sukuk
    • Sukuk structures
    • Controversy
    • Indexation of financial obligations
    • Risks underlying Sukuk
  • Takaful
    • Takaful Agreements
    • Takaful models
    • Areas of Takaful
    • General insurance
    • Life insurance
    • Reinsurance
    • Corporate Governance
  • Video Zone
  • Events Agenda 2016
    • Events Agenda 2015
    • Events Agenda 2014
    • Events Agenda 2013
    • Events Agenda 2012
    • Events Agenda 2011
    • Events Agenda 2010
  • Glossary
  • Contact
  • 404