African Interest-Free Banking and Takaful Forum inaugurated in Addis Ababa, Ethiopia
(February 19, 2020 (Dubai)): East Africa is emerging for Islamic Finance and a new destination for Interest-Free Financial Institutions which will open new avenue for the Foreign Direct Investment (FDI) in the region, it was stated by Muhammad Zubair Mughal, Chief Executive Officer of AlHuda Centre of Islamic Banking and Economics (CIBE) during the inaugural ceremony of African Interest-Free Banking and Takaful Forum sponsored by Cooperative Bank of Oromia, Path Solutions, Millennium Information Solution, and Global Insurance Co. today. Islamic Corporation for Development of the Private Sector (ICD) was multilateral partner for the forum. He said that, Ethiopian Interest-Free Banking and Takaful market is very imminent and seems promising.
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