The 2nd International Forum on Islamic Finance (IFIF) will serve as a platform for the International Islamic finance and investments industry to converge in Khartoum to develop effective strategic action plans aimed at realizing the Islamic banking and finance opportunity in Africa.
Sudan is the only country in Africa, and one of two globally, that has a banking sector that is entirely Islamic. With deep experience in Islamic finance and an abundant wealth of mineral resources, Sudan is in an ideal position to demonstrate how Islamic finance can work to build inclusive economic growth making finance serve the economy.
The primary aim of IFIF is to highlight the experience of Sudan’s Islamic banks in funding large-scale infrastructure projects, improve trade flows and spur funding for micro, small & medium-sized enterprises. These areas are of key importance to Africa and represent the most significant opportunity for Islamic finance to contribute to the growth of the non-financial economy.
Demonstrate lean and micro-cost distributions channel innovation that is critical for expansion and roll out in African markets
Showcase innovation from African countries such as Sudan and elsewhere that can be shared with other emerging markets
Identify growth opportunities in Africa and explore the role of Islamic finance in realizing these opportunities
Provide an outlook on the development of Islamic finance and the regulatory infrastructure needed to facilitate it within Africa
Identify how to accelerate growth to allow Islamic finance to service the 400 million Muslims and other non-Muslims across Africa
Provide a platform to connect African corporate and government leaders with key stakeholders in Islamic finance such as large multilateral institutions, banks, asset managers, think-tanks
Provide fresh perspectives and generate actionable insights for the industry’s development
Identify ways to build Islamic finance capabilities in Africa
Sudan operates one of just two fully Islamic financial systems and has encountered many challenges along the way to creating a full financial ecosystem. One of the most innovative segments of its financial system is the micro-, small- and medium-sized enterprise financing that has developed with a focus on Sudan’s agricultural sector. The global financial system is still reckoning with the importance of financial inclusion and many areas of the Islamic finance industry have not yet turned their focus to this area.
Embracing the need within its own market, Sudan welcomed the assistance of the Islamic Development Bank which owns part of Bank of Khartoum, to develop innovative microfinance products for that bank’s microfinance division. Some of these products focused on the agricultural sector, were recognized last year with the Ethical Finance Initiative Award, part of the EFICA Awards given by Thomson Reuters and Abu Dhabi Islamic Bank.
Exclusive launch of Sudan Islamic Finance Report 2016
Sudan Islamic Finance Report 2016 by the Islamic Research and Training Institute (IRTI), and the General Council for Islamic Banks and Financial Institutions (CIBAFI) in collaboration with Bank of Khartoum. The report provides substantive due diligence on the opportunities for Islamic financial and non-financial services in Sudan. The Report includes an accurate pulse of retail consumers based on national level banking, insurance survey and growth projections scenarios for Islamic Banking and takaful up to 2019; Interviews with regulators, key market players, and industry stakeholders; and overview assessment on the development of Islamic finance regulatory frameworks in Sudan and due diligence for unique sharia-compliant investment opportunities in Sudan.
Conference Day 1
09:00 - 10:00 Registration and Morning Refreshments
10:20 - 10:30 Reading from the Holy Quran
10:30 - 10:45 Opening Remarks
10:45 - 11:15 Opening address
11:15 - 11:30 Exclusive launch of Islamic Finance Report on Sudan by Thomson Reuters in collaboration with CIBAFI and IRTI
11:30 - 12:10 Inaugural Keynote Address: Assessing the Growth Potential of Islamic finance
12:10 - 13:00 Session 3: CEO Leadership Panel: Africa’s Contribution to a More Authentic and Inclusive Islamic Finance Narrative
13:00 - 14:30 Conference Luncheon
14:30 - 15:15 Session 4: Building on the Foundation laid by Sukuk to Strengthen the Islamic Capital Markets and other Islamic Financial Services in Africa
15:15 - 15:45 Session 5: Effective Utilization of the Wealth Redistributive Instruments in Islamic Finance to Generate Inclusive Growth in Africa
15:45 - 16:15 Refreshments Break
16:15 - 16:45 Interview with an Industry Pioneer – Capitalizing on the Islamic Finance Opportunity in Africa
16:45 - 17:45 Session 7: Addressing legal and compliance challenges for the financial institutions in Africa
17:45 Close of Conference Day 1
Conference Day 2
08:00 - 9:00 Morning Refreshments
09:00 - 09:10 Moderator’s Opening Remarks
09:10 - 10:00 Session 8: Addressing the Regulatory Challenges to accelerate the development of Islamic Finance in Africa
10:00 - 10:30 Session 9: Emerging Markets for Islamic Finance in Africa - Assessing the Growth Potential in Tunisia and Nigeria
10:30 - 11:00 Networking Break and Refreshments
11:00 - 11:45 Session 10: Microfinance and its Role as an Impetus for Financial Inclusion
11:45 - 12:30 Session 11: Bringing FinTech and Mobile Payments to Under-Banked Markets
12:30 - 13:00 A Conversation with an Exemplary Leader on his Journey and the Profound Impact that it has made on the Islamic Finance Industry
13:00 - 13:10 Moderator’s Closing Remarks
13:10 - 15:00 Conference Luncheon
15:00 Close of the 2nd Annual International Forum on Islamic Finance
Benefits to our delegates
- Gain expert insight into how the Islamic finance industry can engage with African governments, corporates and institutions
- Explore how Islamic finance can bring its own value proposition and couple them with African innovations to support greater the economic development of the African continent
- Meet more than 250 senior executives from across the global Islamic finance industry
- Learn from of the most distinguished and influential speakers
- Participate in lively discussions and engage with global thought leaders
- Network with key individuals
- Understand where Islamic finance industry can engage in Africa’s future growth
Benefit to our partners
- Increase your brand promotion and visibility to the international audience assembled at the forum
- Network with key stakeholders, decision makers and heads of institutions to generate new business leads
- Interact with the participants and showcase your brand at the forum exhibition
- Raise your corporate profile in being a leader in developing the Islamic finance industry’s next frontier
- Increase your global recognition by utilizing the highly effective marketing engine with a global reach.
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