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Major Islamic banking forum planned in Africa

July 13, 2012 · 321004 Comments2012-07-13+12%3A28%3A29Qalinle+Hussein

DJIBOUTI — Opportunities and challenges that are forging the Islamic banking, finance and investment landscape in Africa will be the focus for an upcoming Islamic banking forum in Djibouti.

Held under the official support of the Central Bank of Djibouti, the Islamic Banking Summit: Africa (IBSA 2012) will be held on November 6 and 7.

“Over the last decade, trade between African countries and the rest of the world has grown significantly, including a 170 per cent increase in trade with the GCC,” said conference chief executive David McLean.

“The on-going shift by African countries from being aid-dependant to increasing trade and investment ties with the Middle East, Islamic finance is set to play a key role in facilitating more trade and investment flows between Africa and the Middle East.

“Increased interest from Gulf investors in terms of agricultural land acquisitions and the mergers and acquisitions of financial institutions, as well as a growing Asian investor base, particularly in manufacturing and project finance, is expected to grow the African economy significantly,” he added.

“Africa presents a tremendous opportunity for Islamic finance and is probably the next logical or strategic decision for leading financial institutions looking to extend their products and services to a new high-potential market,” said Central Bank of Djibouti governor Djama M Haid.

“IBSA 2012 is a high-level event that brings together industry leaders, regulators and scholars that are the main drivers of the development of Islamic financial services,” he added.

TradeArabia News Service

July 13, 2012

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By Qalinle Hussein

Tags: Africa, Banking, Djibouti, GCC

mohamed cheers says:

brilliant ideas. With the Arab Spring uprisings happening in full swing throughout the AL/OIC
Islamic World, effecting the Entire Global Village World order economies, particularly the
Industrialized Western powers, It would most importantly be interesting to remain open and
encourage the major Islamic banking forums planned in Africa and the rest of the whole world including the GCC as proposed by the conference chief executive MR. David Mclean. The Djibouti hosting this conference on November 6-7, is a major step forward. Hopefully the outcome would contribute to better understanding of how the new world orders in the making would work together globalwide and satisfy and sustain world order economies to work together systematically to better the means of world peaceful co-existence in economical terms. IBSA2012 Conference good luck.
Cheers.

2:01 pm on July 13, 2012

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- Yasmeen says:
  
  Dear Mr. Mohamed,
  
  Thank you for your words of encouragement. I am handling IBSA 2012. I would be happy to forward you details of this flagship event being held in Djibouti . Please do feel free to drop me a line at yasmeen@megaevrents.net and also visit our website http://www.megaevents.net/
  
  I look forward to hearing from you .
  
  Best regards,
  
  Yasmeen
  Business Development Officer
  MEGA – Dubai
  
  3:44 am on July 22, 2012
  
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Ahmed Jama says:

How do i get a ticket to attend. Im in london director of finance at Lion gate investments. if anyone knows please post

12:05 am on July 15, 2012

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- Yasmeen says:
  
  Dear Mr. Jama,
  
  I am handling IBSA 2012. Please do drop me a mail at yasmeen@megaevents.net so that I can send you details of the conference. Also please feel free to visit our website – http://www.megaevents.net/ . I look forward to hearing from you.
  
  Best regards,
  
  Yasmeen
  Business Development Officer
  MEGA – Dubai
  
  3:39 am on July 22, 2012
  
  Log in to Reply