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AFN To Participate In African Islamic #Fintech #Summit on 29th and 30th, November 2019 In #Senegal

The Africa Fintech Network will take part in "The African Islamic FinTech Summit (SAIFI)" as a Community Partner. The event takes place at the Radisson Blu Plaza, Dakar (Senegal) on the 29th & 30th of November. The summit will host the POC and the launching of innovative FinTech Solutions and will include Keynote Sessions and Regulatory discussions between Government Agencies, Financial Institutions and Startups. In addition, a certified training session on "Compliance and Anti-Money Laundering (AML)" will be organised and facilitated by international experts from West African Financial institutions.

Sanusi Calls For Robust Regulatory and Legal Framework To Deepen Non-Interest Finance In #Nigeria

The Emir of Kano HRH Muhammad Sanusi II has called for robust regulatory and legal framework to deepen non-interest finance in Nigeria. He made this assertion as keynote speaker at the 4th African International Conference on Islamic Conference hosted in Lagos. As Africa faces a $360bn infrastructure gap, Sanusi was of the view that Islamic Finance offered an opportunity for addressing the deficit. Since the blueprint for Islamic Finance was rolled out in the country in 2013 it took 4 years for the issuance of first set of Sukuk bonds in 2017 and 2018 respectively. He commended the organizers of the conference and believed that it served as a platform for creating awareness on Islamic Finance as a vehicle for driving Alternative Financing in Nigeria and Sub-Saharan Africa.

Lotus Halal Fixed Income #Fund Listed On NSE

Lotus Capital, a full-service, Halal investment management company listed its Lotus Halal Fixed Income Fund on the Nigerian Stock Exchange. The listing event was commemorated with a Closing Gong ceremony.

#Master in Islamic Finance

The Islamic Corporation for the Development of the Private Sector (ICD) in collaboration with IE Business School offers a training program for the development of executives across the Islamic finance industry. The Master in Islamic Finance program has a blended format, combining on-site periods in Spain and Saudi Arabia with dynamic, interactive online modules to minimize the time away from work. The length of the training is 13 months and intake starts in October 2017. Throughout the program, participants will obtain practical knowledge of high-level financial tools, develop practical Islamic Finance technical skills and acquire leadership skills. Upon program completion participants receive a University Private Degree from IE Business School and IE Universidad. IE Business School is a school within IE Universidad, which is a University officially accredited by the Spanish education authorities.

Africa Finance Corporation Carries Out $150m #Sukuk Transaction On Nasdaq Dubai

Africa Finance Corporation (AFC) has carried out a 150 million US dollar Islamic financing transaction on the Murabaha platform of Nasdaq Dubai. Following high levels of investor interest, the initial target of 100 million US dollars was more than twice oversubscribed, resulting in a final order book of approximately 230 million US dollars. Banji Fehintola, Corporate Treasurer of AFC, expressed his gratitude to Nasdaq Dubai whose Murabaha platform greatly facilitated the issuance. AFC’s Sukuk, issued on January 24, 2017, is the highest rated USD Sukuk issuance from an African entity. The privately placed Murabaha Sukuk was awarded an A3 senior unsecured rating by Moody's Investors Service.

Source: 

http://www.proshareng.com/news/ISLAMIC%20FINANCE/Africa-Finance-Corporation-Carries-Out-$150mSukuk-Transaction-On-Nasdaq-Dubai-/33845

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