The 5th International Interest-Free Banking and Takaful Forum, organised by the AlHuda Centre of Islamic Banking & Economics (CIBE), recently hosted the International Islamic Banking and Takaful Awards ceremony.
The event took place at the Ethiopian Skylight Hotel, honouring individuals and institutions for their remarkable achievements and contributions within the sector.
“These awards represent the collective efforts and innovations of the pioneers in the Interest-Free Finance industry across Africa,” said AlHuda CIBE CEO Zubair Mughal.
The forum drew delegates from different countries and featured notable figures, including the State Minister of Industry for the Federal Democratic Republic of Ethiopia, Hassan Muhammad, and the CEO of AlHuda CIBE, who presented the awards to the winners.
The event honoured several organisations and individuals across various categories, including top performers in the interest-free banking and takaful sectors. Award winners included notable institutions such as Tsehay Bank, Zamzam Bank, Hijra Bank, Shabelle Bank, and Awash Bank.
Meanwhile, individual awards were presented to Abdella Adem, Kerima Ali, Faris Ahmed Shafi, Awol Zinab Gamal, Mengistu Meharu, Fikru Tsegaye Wordofa, Abdul Waheed Shah Kotia, and Jemila Kibret.
The event not only celebrated achievements but also highlighted the growth of the Interest-Free Banking and Takaful industry.
Zubair expressed his gratitude to everyone who contributed to the success of the ceremony.
The event was supported by sponsors such as Ethiopian Insurance Corporation, Dahabshil Bank International, Shabelle Bank, MYTM, ZamZam Bank, and Global Insurance Co. S.C.
Key partners, which included the Somaliland Banker’s Association, Islamic Finance Research Institute, Ghana; AL BARAKAH Multi-purpose Cooperative Society Limited, Azerbaijan Fintech Association, Azfina; and Africa Fintech Network also played a vital role.
Media coverage was provided by Adsolute Communications Plc, IFING-MEDIA, Mesofinance Monthly, and Financial IT, with Ethiopian Airlines serving as the official airline partner.
Overall, the event underscored the dynamic growth and potential of the Interest-Free Banking and Takaful sector in Africa, setting a robust foundation for future advancements in Islamic finance.
