Islamic finance leaders set to gather in Djibouti to boost trade flows

Observer Report

Over the past few years there has been a significant growth in trade and investment between Africa and the major markets across the world, and the continent has made great strides in building strong investment ties especially with the Middle East and broader OIC markets.
Over the coming years, Islamic banking is set to become much more integrated with the broader financial sector, and its impact is already being felt on the competitive landscape. The International Islamic Banking Summit Africa: Djibouti 2016, hosted by the Central Bank of Djibouti will begin next month.
The conference has an innovative and interactive format spread over 2 days and will be officially inaugurated on the 2nd of November 2016 with opening keynote addresses by Ahmed Osman, Governor, Central Bank of Djibouti; Abdelrahman Hassan Abdelrahman Hashim, Governor, Central Bank of Sudan; Getahun Nana Jenber, Vice Governor, National Bank of Ethiopia; and Khaled M. Al Aboodi, Chief Executive Officer, Islamic Corporation for the Development of the Private Sector. This opening keynote plenary focuses on Building the Regulatory Infrastructure Essential to Creating a Strong Future for Islamic Finance in Africa.
Speaking ahead of his keynote address, Ahmed Osman, Governor of the Central Bank of Djibouti commented: “The International Islamic Banking Summit Africa: Djibouti 2016 is an innovative gathering which regularly convenes global industry leaders to boost economic development and facilitate greater trade and investment flows between Africa and the OIC markets through Islamic finance. Islamic banking brings several key value propositions to Africa; most notably in the areas of enabling infrastructure finance, boosting international trade & investment flows, and deepening financial inclusion; and accordingly this year’s Summit will focus on Harnessing the Driving Forces for the Successful Development of Islamic Finance in Africa”.
Another major highlight of the International Islamic Banking Summit Africa: Djibouti 2016 is the Leader’s Dialogue Live! interview session which will be presented as a live onstage one-on-one discussion with a leading player in the global Islamic finance industry. This will be a unique opportunity to engage directly with the key issues and gain a fresh perspective and first-hand insights into what we can expect from the Islamic finance industry going forward. The live interview session features renowned industry leader and global Islamic banker, Afaq Khan who will be interview by seasoned Islamic banker, Moinuddin Malim, the Managing Partner of Alternative International Management Services (AIMS Dubai).
The Summit continues with a number of innovative sessions that focus on important issues such as The Path Towards a Digitalized Islamic Bank; Trade & Investment; Infrastructure Finance; and Innovation & Financial Inclusion. Each of these sessions will be led by Islamic finance leaders from Africa, the Middle East and Asia.

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