Addis Ababa, Ethiopia
Training Workshop on Interest-Free Banking, Takaful and Islamic Microfinance

Training Workshop on Interest-Free Banking, Takaful and Islamic Microfinance

By AlHuda Center of Islamic Banking and Economics (CIBE)
19 Dec 2019 - 20 Dec 2019
Event Details
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. According to the World Book Encyclopedia, Islam is largest religion in Africa, followed by Christianity. The region has significant potential as it is home to more than 413 million Muslims and the interest-free finance industry in Africa is rather untapped. Interest-free 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. Interest-free banking is also expected to become attractive in countries with significant population of Muslim business persons such as in South Africa. Moving forward, expansion of interest-free banking and finance industry in Africa is expected to bring the favorable turns in trade progress and business interactions with the Middle East. Interest-free banking and finance can potentially play a part in facilitating more trade opportunities between Africa, Middle East and rest of the world with the involvement of more global and interest-free banks of both regions. The aim of this forum is to explore the untapped market of Africa and to adopt the latest trends, challenges and opportunities in interest-free banking and finance industry in Africa. This conference will provide you with practical insights into:• Global efforts and achievements in interest-free Banking and Takaful.• This effective platform will demonstrate the flexibility of interest-free financial markets during the current financial crisis.
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