We are delighted to announce the launch of an exciting new initiative from the Central Bank of Djibouti. The International Islamic Banking Summit Africa is an innovative new landmark gathering which will convene global industry leaders to boost economic development and facilitate greater trade and investment ﬂows between Africa and the OIC markets through Islamic ﬁnance. Hosted by The Central Bank of Djibouti and held under the Patronage of the President of Republic of Djibouti, the launch of the International Islamic Banking Summit Africa will bring a dynamic new platform to explore the opportunities for Islamic ﬁnance in Africa.
Combining a highly innovative and interactive conference format with world-class speakers and more than 200 international delegates who bring their own knowledge of Islamic ﬁnance from key markets across the world, the International Islamic Banking Summit Africa will convene the conversation to tackle the most pressing questions for the progress of Islamic ﬁnance in Africa. The conference will take place on the 4th & 5th of November 2015 at the Djibouti Palace Kempinski, Djibouti and will focus on the theme “Boosting Economic Development and Trade & Investment between Africa and OIC markets through Islamic Finance”. The International Islamic Banking Summit Africa 2015 will be held under the patronage of H. E. Ismail Omar Guelleh, President of the Republic of Djibouti and Head of Government, and is supported by the Central Bank of Djibouti.
The conference has an innovative format spread over 2 days and will be officially inaugurated on the 4th of November 2015 with a special keynote address by H.E. Ahmed Osman, Governor of the Central Bank of Djibouti. Confirming his participation at the event, H.E. Ahmed Osman said: “Islamic finance is well placed to act as a major catalyst in mobilizing FDI into Africa, thereby boosting economic growth and sustainable development. As per the recent Africa Economic Outlook, the continent is expected to continue to enjoy robust growth rates driven by burgeoning domestic demand, positive developments in the private sector and increasingly strong trade relations with developed economies – in particular with the Gulf and broader OIC markets. Although the Islamic financial services industry in Africa is currently still in the early phases of development, huge growth potential exists in the banking and Sukuk segments, as well as in the asset management and Takaful spheres.”
Governor Ahmed Osman concluded by saying: “Djibouti is rapidly becoming an important hub for Islamic finance in Africa and, in less than a decade, Islamic banks have captured a significant share of the local market. The Central Bank of Djibouti is leading the way in terms of driving the practical legal and regulatory framework and Djibouti’s strong commitment to Islamic finance is further cemented by its efforts to connect with the broader world of Islamic finance as evidenced by the country recently securing membership of both the Islamic Financial Services Board (IFSB), and the General Council for Islamic Banks and Financial Institutions (CIBAFI).
Djibouti is well placed to be an exciting growth hub for Islamic finance in Africa over the next few years. It is against this background of dynamic growth that the Central Bank of Djibouti has decided to announce the International Islamic Banking Summit Africa – Djibouti 2015, which is created in collaboration with Ethico Live. This large-scale international conference will open doors to new investment opportunities and enable Africa to build a stronger footprint in the Islamic finance industry.”
At the official launch announcement of the event, David McLean, President of Ethico Live, said that: “We at Ethico Live are delighted to have this opportunity to work in collaboration with the Central Bank of Djibouti to produce a new and innovative platform that will drive the dialogue forward to create a new era of growth for Islamic finance in Africa. The International Islamic Banking Summit Africa 2015 will showcase the African growth story and what lessons have been learnt and what new opportunities can be reaped.”
Mr. McLean continued by stating, “The International Islamic Banking Summit 2015 will provide answers to the most pressing questions such as how can multi-lateral institutions such as the African Development Bank, the World Bank and the IDB further boost the development of Islamic ﬁnance in Africa; and How can Islamic ﬁnance lead the way as a catalyst for increased investment from the Middle East and OIC countries into Africa?”.
The first day of the conference combines a highly innovative and interactive conference format with world-class speakers addressing the key issues, while the second day will focus on a more pragmatic programme for progressing Islamic finance in Africa.
The International Islamic Banking Summit Africa 2015 is created in collaboration with Ethico Live!
Ethico Live Limited is a UK registered company with its corporate headquarters at 2-4 Blythswood Square, Glasgow G2 4AD, UK. Through our on-the-ground presence in key centres across the world we are able to serve our clients in the global financial markets with high-profile international conferences in Europe, the Middle East, Africa and Asia.