Increasing the Potential of Islamic Finance in Africa CNBC Africa discussed the growth potential of Islamic Finance in Africa. Samira Mensah, Associate Director for Financial Institutions Ratings at Standard and Poor’s and Ameen Hassen, Head of Shari’ah Banking at Standard Bank participated in a discussion which highlighted the growth space for Islamic finance in Africa. Demand within ... »
The growing potential in Africa is expected to create more opportunities for Islamic finance, in light of its robust economic prospects and rising consumer base. As Islamic financial industry continued to experience growth, there is a dire need in highly skilled and talented human capital workforce that can drive the future developments and innovations of the industry. »
The Lord Mayor of the City of London, Alderman Alan Yarrow during a trip to Nigeria urged the country to consider all sources of finance as a means for attracting investment funds. In particular the Lord Mayor was keen to highlight the City of London role as a leading centre for Islamic finance and stated Islamic finance can provide substantial investment for Nigeria. He added Islamic financing wa... »
Profit from Nigeria’s World Class Sharia Listed Companies Nigeria is Africa’s biggest economy and second only to Saudi Arabia in terms of Organisation of Islamic Cooperation (OIC) members GDP ranking. It currently presents an interesting investment case for the Islamic investor. »
Rating agency Standard and Poor's says regulation and fiscal incentives could speed Sharia compliant 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. »
Nigeria – Innovative products for Financial inclusion Hajara Adeola, CEO of Lotus Capital discusses the Islamic finance market in Nigeria covering the size of the market, financial inclusion as well as performance of the NSE Lotus Islamic Index, which has outperformed the broader All Share Index over the last 12 months. The Index consists of 15 stocks which have met the eligibility requireme... »
Mr Mutallab called on the Central Bank of Nigeria to support the operation of the non interest banking segment of the banking sector through the provision of shariah complaint financial instruments. »
Africa remains a region with relatively untapped potential. The continent is home to more than 1 billion people, and an important source of several key commodities. »
Nigeria is Africa’s biggest economy and second only to Saudi Arabia in terms of Organisation of Islamic Cooperation (OIC) members GDP ranking. »
