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Stakeholders Converge in Kano for Arewa Islamic Finance Summit

Image: A cross section of participants at event.


By Muhammad Salisu, Kano 

The ancient city of Kano played host to a gathering of stakeholders in the Islamic finance sector, as they converged for a 2-day summit on Arewa Islamic Finance. 

The event, organized by Islamic Finance Initiative Nigeria Media (IFING Media), brought together scholars, bankers, technocrats, business communities, and participants from across the 19 northern states.

The summit, themed "Islamic Finance for Regional Prosperity and National Development," aimed to promote the development of Islamic finance in the region. 

One of the highlights of the event was the virtual address by the Emir of Kano, Dr. Khalifa Muhammad Sanusi II. 

The Emir emphasized the importance of Islamic finance in promoting economic development and reducing poverty in the region. He also commended the organizers for their efforts in promoting Islamic finance in the North and the country at large.

"The summit was a clear indication of the growing interest in Islamic finance in the region," the emir declared.

Dr. Bashir Aliyu Umar, an Islamic scholar, also delivered a virtual lecture at the workshop. He discussed the principles and practices of Islamic finance, highlighting its potential in promoting economic development and financial inclusion in transforming the region.

In a remark, The Kano State Governor, represented by the Commissioner of Religion Affairs, Sheikh Tijjani Auwal, reiterated the state government's commitment to supporting the development of Islamic finance in the state. 

He emphasized the importance of Islamic finance in promoting economic development and reducing poverty in the state, urging relevant stakeholders to liase with state government on this direction to achieve the desired goal.

Earlier in a welcome address, Mr. Mudassir Adesanya, the leader of the organizing team said, "the event is designed to provide a platform for stakeholders to discuss the challenges and opportunities facing the Islamic finance sector in the region."

Image: Mr. Adesanya

According to Mr. Adesanya, "the event has been a huge success, and we are confident that it will have a positive impact on the development of Islamic finance in our region."

The summit featured presentations and lectures by prominent scholars, including Dr. Usman Bugaje, Professor Shehu Aliyu Rano, and Dr. Bello Lawal Danbatta, the former Secretary General of the Islamic Financial Services Board (IFSB) Malaysia. 

The presentations covered various topics, including the principles and practices of Islamic finance, its potential in promoting economic development and financial inclusion, and the challenges facing the sector in the north.

Participants at the summit were excited by the presentations and lectures delivered at the event.

According to one of the participants, Haruna Bala said, "the summit has opened my eyes to the potential of Islamic finance in promoting economic development and reducing poverty in our region." 

Another participant Shehu Alkali noted that, "the event has provided a platform for stakeholders to discuss the challenges facing the Islamic finance sector in the region and to explore ways of addressing them."

A participant Mr. Faruk Abdulwahab who is a business man from Kwara state stated that, "the summit has shown that there is a lot of potential for Islamic finance in our north, and we are confident that it will play a major role in promoting economic development and reducing poverty in our region."

It was learnt that, as the sector continues to grow and develop, it is likely to play an increasingly important role in promoting economic development and reducing poverty in the region.

Newskeeper reporter observed that, the Arewa Islamic Finance Summit was a huge success, providing a platform for stakeholders to discuss the challenges and opportunities facing the Islamic finance sector in the northern region. 

As the summit came to a close, participants were optimistic about the future of Islamic finance in the region.

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