The Islamic Corporation for the Development of the Private Sector (a member of, the Islamic Development Bank Group) and the Government of Cote d'Ivoire, will hold a landmark forum to be held in Abidjan on the 17th – 18th September 2015.
The event will be the first Islamic finance forum held in Cote d'Ivoire and aims at stimulating development of the local and international market of Islamic finance in Africa.
Key speakers already confirmed to participate currently include:
- Daniel Kablan Duncan – Prime Minister of Cote d'Ivoire
- Albert Toikeusse Mabri Abdallah – Minister of State, Planning & Development, Cote d'Ivoire & Governor, Islamic Development Bank
- Abdourahmane Cisse – Minister at the Prime Minister's Office in charge of the Budget, Cote d'Ivoire
- Dr Ahmad Mohamed Ali Al-Madani – President, Islamic Development Bank
- Khaled Al Aboodi – Chief Executive Officer, Islamic Corporation for the Development of the Private Sector
- Professor Dr Rifaat Ahmed Abdel Karim – Chief Executive Officer, International Islamic Liquidity Management Corporation
In the last few years, the global Islamic finance has been making headways across the world with more countries accepting this system in their markets. With this increased pace of internationalization of Islamic finance, the total global financial assets of the Islamic financial industry is now estimated to be more than US$2 trillion, Africa is one of the last great horizons for Islamic finance.
Although the potential contribution of Islamic finance to African economic development has long been recognized by experts; several challenges have hitherto inhibited its full flowering. However, in recent years the pace has picked up: with supranational development agencies supporting nations across the breadth of Africa to develop their legislative and regulatory frameworks, encourage the advent of Islamic institutions and innovations, and enable the issuance of Sukuk to stimulate their public sector spending. And as the third-fastest growing region in the world, outside interest is also gaining momentum with the continent an increasingly attractive destination for Shariah compliant FDI and trade between Africa and OIC countries across the rest of the world gaining compelling momentum.
This exclusive, invitation-only event is designed specifically for the benefit of local and international market players to explore the development opportunities in Islamic finance both in the Cote d'Ivoire, locally and regionally – concentrating on building the market and exploring its exceptional potential through inward investment and international collaboration.
The distinguished audience will include regulators, bankers, lawyers, consultants, scholars and a comprehensive array of expert practitioners from around the world with a stake in the evolution of the African Islamic finance industry.
The comprehensive forum will cover the outlook for Islamic finance and Shariah compliant fund raising and public private partnerships in Africa, review the success of global Sukuk deals, focus on how Islamic finance can advance Africa's SME sector and discuss the Islamic asset management trends both globally and in key African markets.
The Africa Islamic Finance Forum will be organized by REDmoney Events, a division of REDmoney Group.
To register for the event visit: www.redmoneyevents.com
For more information, please contact:
Nabil El-Alami
Head, Marketing and Communication Division
Islamic Corporation for the Development of the Private Sector
E-mail: nalami@isdb.org
Website: www.icd-idb.org
About the Islamic Corporation for the Development of the Private Sector (ICD)
The Islamic Corporation for the Development of the Private Sector (ICD) is a multilateral organization, part of the Islamic Development Bank (IDB) Group. ICD was established in November 1999 to promote economic development of its member countries in accordance with the principles of the Sharia through private sector development. ICD encourages the establishment, expansion and modernization of private enterprises through financing private sector enterprises or projects. Projects are selected on the basis of their contribution to economic development considering factors such as creation of employment opportunities and contribution to exports. ICD also provides advice to governments and private sector groups on policies to encourage the establishment, expansion and modernization of private enterprises, development of capital markets, best management practices and enhance the role of market economy. ICD operations complement the activities of the IDB.
Andrew Morgan
Managing Director & Publisher
REDmoney Group
+603 2162 7801
Email andrew.morgan@redmoneygroup.com
Website: www.redmoneyevents.com
