Unleashing the Potential for Development of Islamic Banking and Takaful

Organized by
9 th African
Islamic Banking &
CIBE - UAE
Takaful Summit
Venue: Johari Rotana 26
July

Dar es Salaam, Tanzania 2022

Two Post Event Workshops on Practical

and Operational Aspects of Takaful

July 27-28, 2022

Johari Rotana Dar es Salaam, Tanzania

In Association with

Centre for Islamic Finance,

Compliance and Advice, Tanzania

www.alhudacibe.com/aibts2022
 Unleashing the Potential for Development of Islamic Banking & Takaful

CIBE - UAE
About AlHuda Centre of
Islamic Banking & Economics
Towards the pursuance of our goal to promote interest-free Banking and Finance all over the globe,
AlHuda Centre of Islamic Banking and Economics is working diligently since 2005.
AlHuda CIBE has been acknowledged as a dis nguished service provider due to our notable
services, team of dedicated professionals and one stop solu ons of interest-free Banking and
Finance. Our aim is to provide state-of-the-art services of interest-free banking and finance. We are
proud to be prominent for our Advisory and consultancy, research and development, educa on
and capacity building, Shariah advisory, publica on and events all over the world.
AlHuda CIBE is supported by many na onal and interna onal organiza ons and ins tu ons as
Strategic Partners support and our Alumni have spread over 98 countries. We are proud to stand
among world's largest presences for capacity building, trainings, consultancy and other services.
More details are available at: www.alhudacibe.com

About Islamic Banking and Takaful in Africa

Africa, the world’s second largest and second most populous con nent, has long been a sleeping
giant in the development of Islamic finance, but now has awoken to become an ac ve contributor
to the industry’s development. The Islamic finance industry is currently valued at $2.2 trillion and is
projected to reach $3.8 trillion by 2022, according to the Islamic Finance Development Report. A
con nent of 1.2 billion people where around 40 percent are Muslim has
huge poten al to shi the growth curve of Islamic finance to cater to
such a large popula on. However, a lack of qualified personnel
and a lack of standardized regula ons as well as the absence of
an ac ve Islamic finance market has stunted its growth
trajectory.
Tanzania currently has one fully fledged Islamic bank which
primarily offers Shari’ah compliant financial products. There
are, however, other commercial banks which offer Islamic
banking services. The main concern with respect to Islamic
banking in Tanzania is that there is currently no specific legal
framework to cater for Islamic banking as well as resolu on of legal
disputes arising from Islamic banking. This could be seen as hindering
the progress of Islamic banking in Tanzania. When the legal framework for this is set up, we
an cipate an increase in Islamic banking customers.
The aim of this summit is to explore the untapped market of Africa and to adopt the latest trends,
challenges and opportuni es in Islamic banking and Takaful industry in Africa.

Who Should Attend?

• Heads, Managing Directors and CEOs of
commercial and Islamic banks and Islamic
financial ins tu ons
• Retail, Corporate, SME and Treasury
Bankers
• Business Development Managers
• Heads of Research and Development
• Financial Consultants
• Unit Trust Agents and Insurance/Takaful
Agents
• Brokers of bonds and Sukuk
• Fund Managers and Selectors
• Government Officials and Representa ves
• Financial Consultants and Advisors
• Economists and Policy Makers
• Stock Brokers and Shareholders
• Financial Market Regulators
• Business Analysts and Business
• Development Managers
• Financial Controllers and Account Managers
• Academia and Researchers
• Media
 Unleashing the Potential for Development of Islamic Banking & Takaful

Event Agenda
CIBE - UAE 9th African Islamic Banking and Takaful Summit
July 26, 2022 at Johari Rotana Dar es Salaam, Tanzania
Fron er of Islamic Banking and Takaful
• Innova ve Product Development for Islamic Banking
• Regulatory Framework of Islamic Banking and Takaful in Africa
• Islamic Banking & Finance – Emerging Opportunity and Possible Challenges
• Financial Inclusion through Islamic Banking and Takaful
• Emerging trends of Islamic Fintech
Regula ons & Supervision for the Smooth Development of Islamic Banking & Takaful
• Regulator Role to Promote the Industry
• Sustainable Development and Financial Regula ons
• How to create Liquidity for Islamic and Finance
• Shariah Compliant Deriva ves
Shariah Governance in Islamic Banking & Takaful
• Developmental Role of Shariah Governance
• Shariah Governance and Shariah Compliance Framework
• Shariah Governance and Integrity in Product development procedures
• Role of Sharia Audit in Islamic banking and Takaful
Investment Opportuni es in Tanzania-Africa
• Emerging trends of Islamic Finance in Africa
• Crea on of Shariah compliant investment avenues in Tanzania- Need of the Time
• How to a ract FDI in Islamic Banking and Takaful
Takaful (Islamic Insurance)
• Takaful (Islamic Insurance) and Takaful Models
• How Takaful industry can facilitate Islamic financial industry in Africa
• Innova ve products of general & family Takaful
• Vastly growing trends of Takaful Industry in Africa

2 Days Post Event Workshops on Practical & Operational Aspects of Takaful

July 27-28, 2022 at Johari Rotana Dar es Salaam, Tanzania
Introduc on & Historical Background of Takaful • Role of Shariah Audit in Compliance
• Defini on & Fundamental Principles Takaful Models
• Difference in concept & contract • Mudaraba Model
• Reference in first cons tu on of Madina • Wakala Model
Overview of Takaful Industry • Waqf-Wakala Model
• Evolu on and Global Standing of Takaful Industry Banca Takaful
• Shariah Principles in Takaful Business • Concept of ‘one –stop shop’ & ‘Financial Super
• A Forward Plan’ for a New Takaful Landscape Market’
• Poten al Areas and Developments • Types of Banca Takaful products
Differences between Takaful and Insurance • Need to tailor certain products
• Comparison of Takaful and Insurance products • Integra on issues
• Product Mechanism • Regulatory issues & need for disclosure
Challenges and Opportuni es of Takaful ReTakaful
• Challenges of Current Takaful Industry • Background
• Opportuni es of Takaful Industry in future • Current Key players
Shariah Compliance in Takaful • Constraints and Issues
• What is Shariah Compliance & Shariah • Recent development
Compliance in Takaful Micro-Takaful
• Shariah Compliance Guidelines by AAOIFI and • Micro-Takaful and its Poten al
IFSB • Micro-Takaful towards poverty allevia on
• Shariah Advisor and its Criteria • Micro-Takaful products
• Role of Shariah Supervisory Board in Shariah • Opportuni es and Challenges of Micro Takaful
Compliance
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Event Name Participation Fee

9th African Islamic Banking and Takaful Summit

195 USD (1 Day)
July 26, 2022 at Johari Rotana Dar es Salaam, Tanzania

Two Post Event Workshops on Practical & Operational Aspects of Takaful

July 27-28, 2022 at Johari Rotana Dar es Salaam, Tanzania
295 USD (2 Days)

Forum + Workshop (July 26 -28, 2022) 490 USD (3 Days)

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