AlHuda CIBE helps build microfinance capacity in Somalia

The AlHuda Center of Islamic Banking and Islamic Economics (CIBE) has helped the Central Bank of Somalia build capacity in Islamic microfinance in efforts to fight poverty.


This comes after AlHuda CIBE, a well recognized name in Islamic banking and finance industry for research and advisory, conducted a three-days comprehensive capacity building program to empower Somalia Central Bank on the development of Islamic methodologies to fight poverty in the under developed African country.


The purpose of the program was to establish and promote Islamic banking and finance in Somalia to fight against the hurdles in the way of development and prosperity. The program will help Somalia citizens benefit from the products and services in relevance with their religion and customs.



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