149
days to go
Date: October 2018 Venue: Nairobi, Kenya

The year 2017 went down in the annals of the history of the Islamic finance industry of Africa as the year when Islamic finance finally kick-started in Morocco and was unlocked in Algeria and the year when Nigeria issued its long-awaited maiden Sukuk. And this is only the tip of the iceberg. To cut a long story short, Africa is not just a promising market; for many observers and analysts, it is Islamic banking’s new frontier.

The immense potential Islamic finance holds for the development of African countries and the interest shown by sovereigns like Egypt, Ghana, Niger and South Africa to issue Sukuk, presage many more opportunities to be tapped into in the foreseeable future. But with the industry being nascent in most African countries, many regulations still need to be put in place with tax issues solved to allow Islamic finance to flourish. This promises exciting times with Africa’s landscape likely to be transformed as the industry unfolds.

In October, IFN Africa Forum will be back for its 5th edition with the aim of highlighting the latest developments and giving an outlook on how this strategic market is expected to grow in the years to come.