Islamic Banking in Africa |

Spreading Islamic Banking in Uganda, One Sermon at a Time

KAMPALA (Capital Markets in Africa) – Islamic preacher Imam Idi Kasozi’s Friday sermons in the Ugandan capital typically focus on three subjects: faith, mercy — and religiously compliant banking products. Whether speaking from the pulpit in Kampala or at social functions, the 59-year-old has become Uganda’s most ardent promoter of Islamic banking, a practice the nation is set to follow neighbours Kenya and Tanzania in adopting after years of debate. And though Kasozi perceives a religious obligation, others…

The International Islamic Banking Summit Africa: Djibouti 2017 opened today with more than 250 Islamic finance leaders

Posted on by The Editorial Team

The International Islamic Banking Summit Africa: Djibouti 2017 opened today with more than 250 Islamic finance leaders seeking to capitalize on the surge in new Sukuk opportunities across Africa Held under the Patronage of the President of the Republic of Djibouti and hosted by The Central Bank of Djibouti, the International Islamic Banking Summit Africa 2017 convened global industry leaders to boost economic development and facilitate greater trade and investment flows between Africa, the OIC…

INTO AFRICA November 2017 Edition: Islamic Finance: Africa’s New Momentum

Posted on by The Editorial Team

Welcome to the November 2017 edition of INTO AFRICA, a publication with fresh insight into Africa’s emerging capital markets. As the global business environment adapts to the new normal and the implications of a post-oil economy, Africa continues to be an increasingly important component of global growth. In particular, the expansion of Islamic ﬁnance in Africa is providing new growth opportunities and propelling faster trade and economic growth in the continent. Against this dynamic backdrop,…

With Sukuk & Innovation Driving New Growth Momentum, the Prospects for Islamic Finance in Africa Look Increasingly Promising

Posted on by The Editorial Team

Despite being in the early phases of development, the Islamic finance industry in Africa is fast gaining the attention of key stakeholders including central banks & regulatory authorities, as well as the leading international Islamic financial institutions and investors seeking to tap into high-growth opportunities on the continent Wednesday 9th August 2017, DJIBOUTI: The footprint of Islamic banking in Africa is set to expand further as the continent seeks to deliver on the economic and…