8th African Islamic Finance Summit to be held in Gambia on March 23


The African Islamic Finance Summit (AIFS) will convene at the Sir Dawda Kairaba Jawara International Conference Center, The Gambia, on March 23, 2022, with a two-day post-event workshop. The event aims to explore the untapped African financial market for the Socio-Economic benefit of the region.

The summit would provide a platform for African think tanks to discuss innovative financial inclusion strategies across the region. The AIFS will collaborate with the Ministry of Trade, Industry, Regional Integration and Employment, The Gambia. Supporters of the event are Heeno International, Microinsurance Network Africa, MicroLab Association, Abuja Chamber of Commerce and Industry, Palestinian Banking Institute, London School of Social and Management Sciences, Centre of Islamic Finance, Compliance and Advice, and The Islamic Chamber of Commerce, Industry and Agriculture. The Media Partners for this event are Financial IT, IFING-Media, Islamic Finance Weekly, and Micro-Capital.

Muhammad Zubair Mughal, Chief Executive Officer of the AlHuda Centre of Islamic Banking and the Economics-United Arab Emirates, organizer of this event, in his remarks, said he is very optimistic about the future of the Islamic finance industry in Africa. According to him, this is the right time to make sound financial decisions with Islamic finance concepts for building their policies at the institutional level and for the state. He noted that African leaders were moving in the right direction for the region’s development. They will consider the significance of the Islamic financial system for their socio-economic objectives.

“The agenda of this event is about the brief introduction of Islamic finance from historical development, regulatory challenges, and opportunities. It will describe how the Islamic financial system plays a key role in financial inclusion, Shariah compliance governance and framework, and the implementation of the Shariah audit system to regulate the Islamic Finance industry.

It will also highlight the investment opportunities and significance of the Islamic Capital Market and discuss its need for African Financial Industry growth. AIFS will also recognize the role of the Gambian financial institutions in developing the Islamic financial system through Shariah-compliant avenues”.

According to him, the AlHuda Centre of Islamic Banking and Economics has organized the African Islamic Finance Summit in Ethiopia, Kenya, Mauritius & now Tanzania.

He added that the conference gathers financial industries like Banking, Insurance, Islamic Microfinance, Funds Management, Agri/Rural Finance, Regulatory Authorities, Government bodies, Ministries, NGOs, Donor Agencies and Academia.

The CEO said the AlHuda CIBE had involved Ministries of respective countries. Last year it featured H.E. Mr. Ali Hassan Mwinyi, former President of the Republic of Tanzania as a special guest.—Proshare


Previous articleITFC signs $1.2b plan for 2022 in favour of Pakistan
Next articleUzbek ‘buy now, pay later’ Islamic finance start-up raises $1m funding