Financial Inclusion and Grassroots Opportunities
A Sub-Saharan Islamic Finance Convention 2016 will take place in Kampala (Uganda) on the 10th and 11th of May 2016.
A session will be focused on “Financial Inclusion and Grassroots Opportunities: Islamic Microfinance in Sub-Saharan Africa”
The organizer says : “financial inclusion becoming an increasingly important strategic priority, the challenge of delivering affordable and accessible financial services to low-income markets in Sub-Saharan Africa is an urgent one. Islamic finance is well positioned to play the role of a driving force for change and can support the development of both the consumer and the MSME (Micro, Small and Medium Enterprises) markets across Africa”.
The size of the Islamic microfinance industry, while still small in comparison to conventional microfinance, has seen impressive growth. Nevertheless, despite this growth, Islamic microfinance accounts for less than 1% of the total microfinance outreach.
A large untapped market for microfinance exists in key markets across Africa. The Sub-Saharan Africa Islamic Finance Convention 2016 announce the participation of Moinuddin Malim, Managing Partner, AIMS (Alternative International Management Services) and Muhammad Zubair Mughal, Managing Director, AlHuda CIBE FZ LLE – UAE, who will provide insights on defining the core objectives and opportunities for Islamic microfinance in Sub-Saharan Africa.
Theme of the Convention is “Africa’s New Momentum”.
For more information and registration, please check out the official website here