ISFIN streamlines its forces and activities in Africa

Africa is one of the most challenging and promising market for Islamic Economy development.

ISFIN has been recently focusing its works and network partners in African countries. Partnership is the model for supporting the transformation of African economy.

“While GCC countries and  China’s spectacular economic progress in engagement with Africa has produced mutual benefits for GCC, China and African countries,  GCC and Chinese state-owned enterprises have invested billions of dollars in foreign reserves, construction, and engineering resources assisting African oil-producing exporters” said Allaa Ridouan, International Sales Manager at ISFIN. African leaders view GCC and China’s entry as a means of pulling Africa onto the path of globalization. It is thus important that African leaders and policy makers ensure that Chinese Gulf countries trade and investment bring reciprocal and tangible benefits for Africans, and contribute to economic stability and good governance.

China being one of the most dynamic economy of the world, must not be the only African partner. Many initiatives and projects are taken by GCC countries, Latin American and European countries.

“With the 3rd largest Muslim population in the world, Islamic economy demand in Africa is huge. The Offer should responds to this offer. African countries have showed us their activities with GCC and China that they are ready not to miss this growth train”, adds Allaa Ridouan.

Recently many Sharia compliant projects have been accomplished with the help of our members in Africa.

Maître Cheikh Fall from our office partner in Senegal says: “two main Islamic assets in Senegal are Mourabaha and Mousharaka operations issued by Islamic Bank of Senegal ( IBS)”. Islamic Finance is a growing market with a lot of potentialities in Senegal’ adds Maître Fall. “Sukuk are largely used for public works (recent 200 million dollars issued). These Sukuk are available to any resident and non-resident investors”.

Contact Information

Allaa RIDOUAN, International Sales Manager
TEL + (32) 483 427 415                 
R@isfin.net                                 
ww.isfin.net