Islamic finance, anchored in Shariah principles, presents a pragmatic mix of opportunities and challenges across Africa's economies. From Nigeria to Sudan, and Ethiopia to Uganda, Kenya, and Somalia, Islamic finance is gaining traction as a viable alternative to traditional financing systems. Africa's demographic landscape, with a Muslim population of approximately 636 million, comprising nearly 53% of the continent’s population, offers rich ground for the expansion of Islamic finance.
Despite the challenges posed by COVID-19, Nigeria's Islamic finance sector shows promise, boasting Africa's largest sukuk market with NGN755.5 billion outstanding. Yet, obstacles remain, including the need for robust regulation, heightened public awareness, and political commitment.
Our event, "Navigating Islamic Finance Frontiers in Africa," aims to unveil practical strategies and best practices to leverage Islamic finance for sustainable growth and financial inclusion. Join us as we explore the transformative potential of Islamic finance in Africa's economic landscape.
Moderator
Senior Associate | Dentons
Speakers
Executive Director, Financial Markets Structuring | Standard Chartered
Assistant Vice President - Analyst | Moody’s Investors Service