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PRESS RELEASE
Africa Islamic Finance Forum will be held in Abidjan on the 17th – 18th September 2015
The event will be the first Islamic finance forum held in Cote d’Ivoire and aims at stimulating development of the local and international market of Islamic finance in Africa
Logo Africa Islamic Finance Forum: http://www.photos.apo-opa.com/plog-content/images/apo/logos/icd-1.png
Logo ICD: http://www.photos.apo-opa.com/plog-content/images/apo/logos/icd.jpg
Photo: http://www.photos.apo-opa.com/index.php?level=picture&id=2151
The event will be the first Islamic finance forum held in Cote d’Ivoire and aims at stimulating development of the local and international market of Islamic finance in Africa and particularly in Côte d’Ivoire in line with government National Development Plan 2016 – 2020 and to explore cross border trades between international investors and African nations through opportunities made available through Islamic finance.
In the last few years, the global Islamic finance has been making headways across the world with more countries accepting this system in their markets. With this increased pace of internationalization of Islamic finance, the total global financial assets of the Islamic financial industry is now estimated to be more than US$2 trillion, Africa is one of the last great horizons for Islamic finance.
Although the potential contribution of Islamic finance to African economic development has long been recognized by experts; several challenges have hitherto inhibited its full flowering. However, in recent years the pace has picked up: with supranational development agencies supporting nations across the breadth of Africa to develop their legislative and regulatory frameworks, encourage the advent of Islamic institutions and innovations, and enable the issuance of Sukuk to stimulate their public sector spending. And as the third-fastest growing region in the world, outside interest is also gaining momentum with the continent an increasingly attractive destination for Shariah compliant FDI and trade between Africa and OIC countries across the rest of the world gaining compelling momentum.
This exclusive, invitation-only event is designed specifically for the benefit of local and international market players to explore the development opportunities in Islamic finance both in the Cote d’Ivoire, locally and regionally – concentrating on building the market and exploring its exceptional potential through inward investment and international collaboration.
The distinguished audience will include regulators, bankers, lawyers, consultants, scholars and a comprehensive array of expert practitioners from around the world with a stake in the evolution of the African Islamic finance industry.
The comprehensive forum will cover the outlook for Islamic finance and Shariah compliant fund raising and public private partnerships in Africa, review the success of global Sukuk deals, focus on how Islamic finance can advance Africa’s SME sector and discuss the Islamic asset management trends both globally and in key African markets.
The Africa Islamic Finance Forum will be organized by REDmoney Events, a division of REDmoney Group.
Distributed by APO (African Press Organization) on behalf of The Islamic Corporation for the Development of the Private Sector (ICD).
For more information, please contact:
Nabil El-Alami
Head, Marketing and Communication Division
Islamic Corporation for the Development of the Private Sector
E-mail: nalami@isdb.org
Website: www.icd-idb.org
Andrew Morgan
Managing Director & Publisher
REDmoney Group
+603 2162 7801
Email andrew.morgan@redmoneygroup.com
Website: www.redmoneyevents.com
About the Islamic Corporation for the Development of the Private Sector (ICD)
The Islamic Corporation for the Development of the Private Sector (ICD) (http://www.icd-idb.com) is a multilateral organization, part of the Islamic Development Bank (IDB) Group. ICD was established in November 1999 to promote economic development of its member countries in accordance with the principles of the Sharia through private sector development. ICD encourages the establishment, expansion and modernization of private enterprises through financing private sector enterprises or projects. Projects are selected on the basis of their contribution to economic development considering factors such as creation of employment opportunities and contribution to exports. ICD also provides advice to governments and private sector groups on policies to encourage the establishment, expansion and modernization of private enterprises, development of capital markets, best management practices and enhance the role of market economy. ICD operations complement the activities of the IDB.
About Islamic Finance news
Islamic Finance news (IFN) is the company’s principal publication. IFN is a digital, subscription-based publication available online and through smartphone and tablet applications. Published weekly, the journal provides exclusive and comprehensive coverage of the global Islamic financial markets through in-house analysis and expert external contributions; in addition to a daily news service, additional quarterly supplements and a variety of special annual issues.
Differentiated by a decade of trusted relationships across the industry, IFN is able to leverage an unrivalled network of contacts and connections to provide unparalleled insight into the issues affecting global Shariah compliant markets: along with in-house analysis, news, interviews, reports, industry and sector data, and much more.
With an archived website containing over 60,000 exclusive reports, the IFN portfolio also hosts a suite of proprietary tools including the industry’s largest interactive terminology glossary, a directory of over 4,000 global Islamic financial institutions and a portal to Islamic Banking Intelligence, the most comprehensive source of segmented Islamic banking financial data.
About REDmoney Events
REDmoney Events designs, organizes and hosts industry-leading conferences, forums, roadshows and seminars focusing on the Islamic financial markets across a global, regional and national level. Leveraging an exceptional network of the industry’s elite, REDmoney events provide access to an unparalleled array of influential speakers, panelists and participants from a cross-section of the global industry to debate the most significant issues currently affecting the Shariah compliant financial markets.
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