"
"
The 11th Edition of African Islamic Finance Summit has successfully concluded in Hargeisa, Somaliland from 5th – 7th March 2024.
The summit took place on 5th March 2024, followed by 2-Days Post Event Workshop for Islamic Banking, Takaful and Microfinance.
The objective of the summit is to create a platform for the global thinktank to share their experience about different aspects of Islamic finance industry. The agenda of the Summit was comprised on Islamic Banking and Finance Industry Practices, Islamic banking products and innovation, regulatory framework, policies and strategies.
This event is organized by AlHuda Centre of Islamic Banking and Economics UAE in association with National Insurance Authority, Somaliland and Bank of Somaliland under the patronage of His Excellency Mr. Muse Bihi Abdi, President, Republic of Somaliland. The event attracted a diverse audience of industry leaders, scholars, and practitioners from across Africa and the globe.
The summit featured distinguished speakers, including Mr. Khalif Omer Nour, CEO of Somaliland Banking Association, Dr. Mufti Muhammad Zubair Usmani, Chairman Sharia Board at Habib Bank Limited – Pakistan, and Miss Heba Abdel Aziz Mohamed, Pre-Sales Manager at International Turnkey Systems – Egypt, Mr. Samuel Oumkoko, CEO and Founder, Metropol Credit Reference Bureau Limited – Kenya, Mr. Asseged Gebremedhin, Chief Executive Officer, Insurance Brokerage & Consulting Firm – Ethiopia and among others.
Africa is the world’s second largest and most popular continent after Asia. With 1.0 billion people, it accounts for about 14.72% of the world’s human population.
The region has significant potential as it is home to more than 413 million Muslims and the Islamic finance industry in Africa is rather untapped. Islamic banking and their products are likely to be most popular in the parts of Africa comprising the highest concentration of Muslims such as North Africa, large part of West Africa and down the eastern seaboard. Islamic banking is also expected to become attractive in countries with significant population of Muslim business persons such as in South Africa.
