ADVERTISEMENT
Thursday, February 2, 2023
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms & Conditions
Involve Africa
  • Home
  • All African News
  • Politics
  • Technology
  • Entertainment News
    • Travel
    • Tourism
    • Arts
  • Finance
    • Food & Agriculture
    • Business & Economy
  • Crypto News
  • Energy & Environment
No Result
View All Result
  • Home
  • All African News
  • Politics
  • Technology
  • Entertainment News
    • Travel
    • Tourism
    • Arts
  • Finance
    • Food & Agriculture
    • Business & Economy
  • Crypto News
  • Energy & Environment
No Result
View All Result
Involve Africa
No Result
View All Result
ADVERTISEMENT
Home Technology

African Islamic Banking and Takaful summit inaugurated in Dar es Salam, Tanzania

Involve Africa by Involve Africa
July 27, 2022
in Technology
0
African Islamic Banking and Takaful summit inaugurated in Dar es Salam, Tanzania
585
SHARES
3.2k
VIEWS
https://web.facebook.com/involveafricanews?_rdc=1&https://twitter.com/involveafricanews


(Dubai): Africa is emerging for Islamic Finance and a new destination for Islamic Financial Institutions which will open new avenue for the Foreign Direct Investment (FDI) in the region, it was stated by Muhammad Zubair Mughal, Chief Executive Officer of AlHuda Centre of Islamic Banking and Economics (CIBE) during the inaugural ceremony of African Islamic Banking and Takaful Summit was held in association with Centre for Islamic Finance, Compliance and Advice and sponsored by Imaan Finance, CRDB Bank Plc, PBZ Bank LTD, Craft Silicon, Technology Associates – Tanzania, Zanzibar Insurance Corporation, InvoiceMate, BSV-Blockchain, , Association of Tanzania Insurers (ATI) – Tanzania, National Insurance Authority, Somaliland, NBC, Imaan Newspaper, Imaan Radio, Imaan TV and IFING-MEDIA. He said that, Tanzanian Islamic Banking and Takaful market is very imminent and seems promising.

The summit was inaugurated by Mr. Muhammad Zubair, Chief Executive Officer, AlHuda CIBE FZ LLE, Dubai- U.A.E. He welcomed all the guests of honors, speakers and participants for attending this emerging phenomenon conference, one of new of its kind in the region. He said that Islamic banking and finance is the ultimate financial solution due to its viability and sustainability. This system has multi-fold benefits which concentrate on the balanced wealth distribution. He also threw light on the need of Islamic banking and financial services.

He further said that several new Islamic financial institutions are ready to start their operations in the market. Various Islamic window operations are also going to start their operations for the development of the economy to strengthen the growth of the market and to uplift the living standards of the public in the region. A few of the banks are also coming into the markets with stand-alone branches for Islamic banking operation. Insurance industry is also participating with zeal and zest and Takaful operations are also going to be operated in the insurance market.

The Guest of Honors includes H.E. Mohamed Himid Mbaye Former Deputy Governor, Bank of Tanzania, Immediate Past Chairman CIFCA, H.E. Prof. Florens D. A. M. Luoga Governor, Bank of Tanzania, H.E. Mrs. Khadija. I. Said Deputy Commissioner of Insurance, Insurance Regulatory Authority (TIRA), Tanzania, Dr. Ally Hussein Laay Chairman of the Board of Directors, CRDB Bank Plc, Tanzania, Mr. Khamis Suleiman     Chairman, Association of Tanzania Insurers, Tanzania were with Mr. Muhammad Zubair at inaugural ceremony and appreciated AlHuda CIBE FZ LLE, Dubai- U.A.E. activities for the development of Islamic banking and finance in Africa and especially in Tanzania. They mentioned that Tanzania and Africa have enriched the future for Islamic banking and finance and many banks are dealing with Islamic banking products in the country and the region. They pertinently mentioned that AlHuda CIBE is playing its role for the promotion of a globally accepted alternative financial solution which is the only hope of financial stability. They also mentioned that there is absence of a specific legal and regulatory framework to govern the Islamic finance industry which should be addressed timely. It not only will promote the Islamic banking and financial services but also enhance the economic growth of the region.

Other speakers and distinguished guests include Mr. Issa Mohammad Sheikh- CIFCA- Coordinator, AlHuda CIBE Shariah Advisor, Tanzania, Mr. Mohamed shakeel salyani (PhD)- Head of Islamic Banking Division, Craft Silicon, Kenya, Mr. Rashid Rashid- Head of Islamic Banking, CRDB Bank PLC, Tanzania, Mr. Asim Hameed- Shariah Board Member, IMAAN Finance Ltd. Tanzania, Mr. Muhammad Salman Anjum- Head of BSV Hub & CEO ,InvoiceMate, UAE, and Prof. Dr. Mohammed Hafidh Khalfan addressed the session on Islamic Banking, Finance, FinTech & Sukuk. Dr. Ndikumana Sudi- Chief Executive Officer/Chairman, Health Maintenance Organization (HMO-Africa), Burundi, Mr. Muhammad Zubair- Managing Director, AlHuda CIBE FZ LLE – U.A.E, Dr. Huda A. Yussuf- Chairman Board of Trustees, Zanzibar Social Security Fund, Tanzania, Dr. Juma Shaban Chibololo- Lecturer, Faculty of Islamic Studies-MUMand Mr. Sunusi Saleh Dan-Alhaji addressed the session on Takaful (Islamic Insurance) and Islamic Capital Market.

Furthermore, Dr. Abdalla Y. Tego-Lecturer Muslim University of Morogoro, Dr. Kassim Nurdin Hussein- Chairman, Awqaf Tanzania, Mr. Salum Awadh- CEO, SSC Capital, Founder, Shirkah Invest, Tanzania and Prof. Mussa Assad have spoken to the Development of Islamic Finance in East Africa session.

Finally, H.E. Mtemi. Dr. Salum Ahmed Kihemba, PhD – Chief Executive Officer, Legal Finance and Administrative Affairs, NA Prints Plc, Tanzania, Dr. Abdalla Ussi Hamad- Director, Institute of Islamic banking and Finance, Zanzibar University, Zanzibar, Mr. Abdirahman Mohamed Anas- Head of Internal Audit, Premier Bank, Somalia and Mr. Yassir Masoud Salim- Secretary General, Hay’atul Ulamaa, Tanzania, concluded the session on Waqf, Zakka &Islamic Microfinance.

Two days’ post event specialized training workshops on “Practical and Operational Aspects of Takaful ” will be held on 27th – 28th July, 2022 at Johari Rotana, Dar es Salaam, Tanzania.

-Ends-

About AlHuda CIBE:

AlHuda Center of Islamic Banking and Economics (CIBE) is a well-recognized name in Islamic banking and finance industry for research and provides state-of-the-art Advisory Consultancy and Education through various well-recognized modes viz. Islamic Financial Product Development, Shariah Advisory, Training Workshops, and Islamic Microfinance and Takaful Consultancies etc. side by side through our distinguished, generally acceptable and known Publications in Islamic Banking and Finance.

We are dedicated to serving the community as a unique institution, advisory and capacity building for the last seventeen years. The prime goal has always been to remain stick to the commitments providing Services not only in UAE/Pakistan but all over the world. We have so far served in more than 35 Countries for the development of Islamic Banking and Finance industry. For further Details about AlHuda CIBE, please visit: www.alhudacibe.com

For Media Contact:
Ms. Shaguftta Perveen
Manager Communications,
Email:info@alhudacibe.com               



Source_link

You might also like

Ground Breakers: Billionaire mining boss Robert Friedland calls for end of African discount in epic copper rant

Support for land use planning sees over 2000 women farmers in Tanzania become land owners

African Development Bank provides funding for Diamniadio Digital Technology Park

Previous Post

FP Answers: Where is the best value in Canada for real estate?

Next Post

untold story of the CIA/Stasi double agent abandoned after 22 years of service

Involve Africa

Involve Africa

Related Posts

Ground Breakers: Billionaire mining boss Robert Friedland calls for end of African discount in epic copper rant
Technology

Ground Breakers: Billionaire mining boss Robert Friedland calls for end of African discount in epic copper rant

by Involve Africa
February 2, 2023
Support for land use planning sees over 2000 women farmers in Tanzania become land owners
Technology

Support for land use planning sees over 2000 women farmers in Tanzania become land owners

by Involve Africa
February 1, 2023
African Development Bank provides funding for Diamniadio Digital Technology Park
Technology

African Development Bank provides funding for Diamniadio Digital Technology Park

by Involve Africa
February 1, 2023
This AWS-powered startup gives Rwandan cancer patients better access to life-saving treatments
Technology

This AWS-powered startup gives Rwandan cancer patients better access to life-saving treatments

by Involve Africa
February 1, 2023
Clemson Leads ACC with 29 All-ACC Academic Team Selections for 2022 – Clemson Tigers Official Athletics Site
Technology

Clemson Leads ACC with 29 All-ACC Academic Team Selections for 2022 – Clemson Tigers Official Athletics Site

by Involve Africa
January 31, 2023
Next Post
untold story of the CIA/Stasi double agent abandoned after 22 years of service

untold story of the CIA/Stasi double agent abandoned after 22 years of service

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Woman’s death went unnoticed for years: London court inquiry

Woman’s death went unnoticed for years: London court inquiry

July 22, 2022
Best Hikes in Snow Canyon State Park

Best Hikes in Snow Canyon State Park

November 26, 2022

Categories

  • All African News
  • Arts
  • Business & Economy
  • Crypto News
  • Energy & Environment
  • Entertainment News
  • Finance
  • Food & Agriculture
  • News Videos
  • Politics
  • Technology
  • Tourism
  • Travel

Don't miss it

African Development Fund helps create thousands of jobs for youth in Malawi | African Development Bank
Food & Agriculture

African Development Fund helps create thousands of jobs for youth in Malawi | African Development Bank

February 2, 2023
Ethiopia: a border town ravaged by the Tigray conflict | DW News
News Videos

Ethiopia: a border town ravaged by the Tigray conflict | DW News

February 2, 2023
A newbie’s safety guide to solo travel
Tourism

A newbie’s safety guide to solo travel

February 2, 2023
Univeristies and excellence in default — Opinion — The Guardian Nigeria News – Nigeria and World News
Arts

Univeristies and excellence in default — Opinion — The Guardian Nigeria News – Nigeria and World News

February 2, 2023
Nigeria: Govt Replies El-Rufai, Says Buhari Not Working for or Against Any Presidential Candidate
Politics

Nigeria: Govt Replies El-Rufai, Says Buhari Not Working for or Against Any Presidential Candidate

February 2, 2023
Ground Breakers: Billionaire mining boss Robert Friedland calls for end of African discount in epic copper rant
Technology

Ground Breakers: Billionaire mining boss Robert Friedland calls for end of African discount in epic copper rant

February 2, 2023

Social Bar

Welcome to involve Africa The goal of involve Africa is to give you the absolute best news sources for any topic! Our topics are carefully curated and constantly updated as we know the web moves fast so we try to as well.

Categories

  • All African News
  • Arts
  • Business & Economy
  • Crypto News
  • Energy & Environment
  • Entertainment News
  • Finance
  • Food & Agriculture
  • News Videos
  • Politics
  • Technology
  • Tourism
  • Travel

Site Links

  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms & Conditions

Recent News

African Development Fund helps create thousands of jobs for youth in Malawi | African Development Bank

African Development Fund helps create thousands of jobs for youth in Malawi | African Development Bank

February 2, 2023
Ethiopia: a border town ravaged by the Tigray conflict | DW News

Ethiopia: a border town ravaged by the Tigray conflict | DW News

February 2, 2023

INVOLVEAFRICA.COM

No Result
View All Result
  • Home
  • All African News
  • Politics
  • Technology
  • Entertainment News
    • Travel
    • Tourism
    • Arts
  • Finance
    • Food & Agriculture
    • Business & Economy
  • Crypto News
  • Energy & Environment

INVOLVEAFRICA.COM

What Are Cookies
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT