MANAMA: 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”.
It will be held in Khartoum, Sudan from September 25 to 26, under the patronage of Central Bank of Sudan governor Hazim Abdegadir Ahmed Babiker, a statement from Cibafi said.
The two-day programme will bring together various stakeholders from the Islamic finance industry, multilateral development institutions, international and national regulatory bodies, policymakers, and academia to discuss the issue of frontier markets of Islamic finance.
Following the first successful joint forum in 2016 in 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.
The forum will be a timely and an important catalyst in bringing to the discussion table some of the important areas for development of the real economy through Islamic finance and raising awareness of the competitiveness of Islamic financial institutions in the African region, in line with the UN development goals.
It will examine how Islamic finance can help achieve UN goals through increased partnerships among governments, private sector, civil society and other important stakeholders.
Participants will have the opportunity to present their perspectives and views helping to drive progress and unlocking potential areas of growth and challenges for Islamic finance in African markets. Expert industry practitioners from the region and beyond will share their insights on approaches and strategies to help tap opportunities and achieve common objectives.