Abidjan, June 12, 2024 – Mr. Muhammad Zubair, CEO of AlHuda Centre of Islamic Banking and Economics, based inthe United Arab Emirates, was received at the AADFI Headquarters in Abidjan, Côte d’Ivoire by Mr. Cyril Okoye, Secretary-General of AADFI, on June 12, 2024. The visit provided opportunities for AADFI and the AlHuda Center of Islamic Banking to discuss collaboration and partnership in advancing Islamic Finance in Africa.
This proposed collaboration between AlHuda CIBE and AADFI marks a significant step towards enriching the African financial sector, fostering inclusive growth, and promoting sustainable economic development through the principles of Islamic finance.
Equipping development financial institutions with the necessary knowledge and expertise will pave the way for a more inclusive and prosperous financial future for the African continent. It is expected to enhance the capabilities of African development banks in Islamic Finance products and services.
Both institutions will collaborate and deploy comprehensive training programs tailored to the specific needs of development banks in Africa and assist in developing Islamic finance products suited to African markets. For more information on the AADFI and its activities, visit www.adfi-ci.org.