Rating agency Standard and Poor’s says regulation and fiscal incentives could speed Islamic finance development in Africa. The report further noted that African sovereigns have issued only about $1 billion of Sukuk instruments, compared with global Sukuk issuance of an average $100 billion per year over the past five years. Samira Mensah, an associate director at Standard and Poor’s joins CNBC Africa to share more insight on this report.

Other topics discussed include the Islamic finance market in Malaysia and how Africa can learn from its experience.