Islamic finance leaders to gather in Djibouti to tap into Sukuk opportunities

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Djibouti

The Islamic finance opportunity in Africa is fast gaining the attention of key stakeholders including central banks & regulatory authorities, as well as the leading international Islamic financial institutions and investors seeking to tap into high-growth opportunities on the continent. Building on the success of previous summits where more than 250 Islamic banking leaders from across Africa and internationally gather each year, Ethico Live in collaboration with the Central Bank of Djibouti are delighted to announce that the International Islamic Banking Summit Africa: Djibouti 2017 will again take place on the 8th & 9th of November 2017 at the Kempinski Palace Djibouti. The event will feature a Special Presidential Address from H.E. Ismaïl Omar Guelleh, President of the Republic of Djibouti and Head of Government. Senior industry experts, across two days, will address the economic and strategic opportunities provided by Shariah-compliant ?nancing under the theme “Unlocking the Economic & Strategic Potential of Islamic Finance in Africa” with a special focus on the role that Islamic finance can play in boosting trade & investment, enhancing financial inclusion through innovation, and harnessing Sukuk for infrastructure finance in key markets across Africa. Speaking ahead of the event on how Islamic finance has positively impacted markets on the continent such as Kenya, Paul Muthaura, CEO of the Capital Markets Authority Kenya said: “The global Islamic finance industry is expected to reach an overall value of USD 3.54 trillion by 2021, a remarkable 77% growth when compared to 2015. This anticipated rapid development of Islamic finance on the global stage is to a degree, being mirrored across Africa.—Agencies