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Forum to focus on potential of Islamic finance in Africa
June 12, 2018 | 2:58 PM
by Times News Service
This forum will be held in Khartoum, Sudan, on September 25 and 26 under the patronage of Hazim Abdegadir Ahmed Babiker, Governor of the Central Bank of Sudan. - Supplied picture
 
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Muscat: The General Council for Islamic Banks and Financial Institutions (CIBAFI) and the Union of Arab Banks (UAB) are jointly organising a Forum titled “UN Development Goals and Islamic Finance: A Focus on Africa”.

This forum will be held in Khartoum, Sudan, on September 25 and 26 under the patronage of Hazim Abdegadir Ahmed Babiker, Governor of the Central Bank of Sudan.

Following a first successful joint forum in September 2016 in Tunisia under the patronage of Chedly Ayari, Governor of the Central Bank of Tunisia, CIBAFI and UAB are coming together again to discuss the potential of Islamic finance in Africa, with a special focus on its Sub-Saharan region.

With the United Nations working actively on development goals (SDGs) in Africa, the forum will be a timely catalyst in bringing to the discussion table important areas for the development of the real economy through Islamic finance and raising awareness of the competitiveness of Islamic financial institutions in the African region, with inter-linkages to the United Nations development goals.



The forum will examine how Islamic finance can help achieve UN goals through increased partnerships among governments, the private sector, civil society and other important stakeholders.

The delegates can present their perspectives, helping to drive progress and unlocking potential areas of growth for Islamic finance in African markets in the context of the UN goals and agendas. Expert industry practitioners will share their insights on strategies to help tap opportunities and achieve common objectives.

This two-day programme will bring together various stakeholders from the Islamic finance industry, multilateral development institutions, international and national regulatory bodies, policy-makers, and academia to discuss the issue of frontier markets of Islamic finance.

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