In a significant move to advance financial inclusion and economic development, Ethiopia is set to host the 5th International Interest-Free Banking & Takaful Conference from July 25-26, 2024. Organized by the AlHuda Centre of Islamic Banking and Economics (CIBE), this prestigious event will bring together industry leaders, policymakers, and experts from over 20 countries to explore the transformative potential of interest-free banking and Takaful (Islamic insurance) solutions.

The conference, which will be held at the Hyatt Regency in the capital city of Addis Ababa, aims to provide a comprehensive platform for knowledge sharing, networking, and strategic discussions on the rapidly evolving landscape of the interest-free financial sector. The event will be followed by post-event workshops on the operational, technical, and Shariah aspects of interest-free banking and Takaful on July 27th.

“We are honored to organize this groundbreaking conference in Ethiopia, a country that is poised to become a hub for innovative financial solutions,” said M. Zubair Mughal, CEO of AlHuda CIBE. “With a largely rural population and significant unbanked communities, Ethiopia presents immense opportunities for interest-free banking and Takaful to drive financial inclusion and socio-economic development.”