African Islamic Finance Summit concluded

News Desk

DUBAI: The 11th African Islamic Finance Summit, was successfully organized by AlHuda Centre of Islamic Banking and Economics (CIBE) in association with the Central Bank of Somaliland and the National Insurance Authority (NIA) on Tuesday in Hargeisa, Somaliland.

The event attracted a diverse audience of industry leaders, scholars, and practitioners from across Africa and the globe. The monumental occasion was made possible through the collaborative efforts of Amanah Insurance and International Turnkey System (ITS) and with the support of Somaliland Banker’s Association (SLBA), Egyptian Islamic Finance Association, Islamic Finance Research Institute - Ghana, and AL BARAKAH Multi-Purpose Cooperative Society Limited.

The aim of the summit was to facilitate dialogue, exchange of ideas, and explore avenues for the advancement of Islamic finance across the African continent. The event discussions were centered around key topics such as Islamic Banking, Islamic Fintech, Regulations & Shariah Governance, Challenges and Investment Opportunities for Islamic Finance Industry, Takaful (Islamic Insurance) Product Innovation and Development of Islamic Microfinance in Africa.

Delegates engaged in insightful discussions, strategic dialogues, and knowledge-sharing sessions aimed at advancing the Islamic finance landscape on the African continent. The summit was followed by a two-days post-event workshop designed to provide participants with in-depth knowledge and practical skills in Islamic finance.

The summit featured distinguished speakers, including Khalif Omer Nour, CEO of Somaliland Banking Association, Dr Mufti Muhammad Zubair Usmani, Chairman Sharia Board at Habib Bank Limited – Pakistan, and Heba Abdel Aziz Mohamed, Pre-Sales Manager at International Turnkey Systems – Egypt, Samuel Oumkoko, CEO and Founder, Metropol Credit Reference Bureau Limited – Kenya, and Asseged Gebremedhin, CEO, Insurance Brokerage & Consulting Firm – Ethiopia.

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