PANAPRESS
Panafrican News Agency
African Banker Awards Committee moves to recognise Islamic banking
Lagos, Nigeria (PANA) - In continuation of its continuous goal to recognize and celebrate the diversity of the African banking sector, the African Banker Awards Committee has introduced a new category this year to recognise Islamic banking.
The category, titled "Best Islamic Finance Initiative" will go to the financial institution that has excelled in Islamic finance, in compliance with Shariah regulations and succeeded in providing ethical, reliable and affordable Islamic financial services.
Sukuk (Islamic bonds), Takaful (Islamic insurance), Islamic project finance deals, Islamic commercial banking, and Islamic business banking are included in the list of eligible initiatives.
In a statement, received here Thursday by PANA, Omar Ben Yedder, Publisher of the African Banker magazine, stated: "Islamic finance is growing in Africa and it is essential to acknowledge the contribution of this sector to the African banking industry. The African Banker Awards is therefore proud to grant Islamic finance the role and recognition it truly deserves.
"One of the main goals of this event is to show and promote the diversity and dynamism of the African banking sector and Islamic finance represents a thriving part of it.”
Now in its seventh edition, the African Banker Awards, with the African Development Bank as the Official Patron, is a landmark annual event organized by African the Banker magazine and IC Events in partnership with BusinessinAfrica Events.
It brings together over 500 key industry players and top government officials from Africa and around the world to honour the achievements of companies and individuals who have contributed significantly to the reform, modernisation and expansion of the continent's banking and financial system, driving Africa's sustained economic growth in the process.
MasterCard is the Platinum sponsor for this year's African Banker Awards. Other sponsors include Banque Atlantique (Groupe Banque Centrale Populaire), Bank of Industry, Coris Bank, BGFI, First Bank, Ecobank Nedbank Alliance, and the Islamic Corporation for the Development of the Private Sector.
Submission of entries from Banks and other financial institutions will close 25 March.
The 2013 Awards ceremony will take place 29 May, 2013, at Taj Palace Marrakech in Morocco, during the annual meetings of the African Development Bank.
-0- PANA PR/VAO 21March2013
The category, titled "Best Islamic Finance Initiative" will go to the financial institution that has excelled in Islamic finance, in compliance with Shariah regulations and succeeded in providing ethical, reliable and affordable Islamic financial services.
Sukuk (Islamic bonds), Takaful (Islamic insurance), Islamic project finance deals, Islamic commercial banking, and Islamic business banking are included in the list of eligible initiatives.
In a statement, received here Thursday by PANA, Omar Ben Yedder, Publisher of the African Banker magazine, stated: "Islamic finance is growing in Africa and it is essential to acknowledge the contribution of this sector to the African banking industry. The African Banker Awards is therefore proud to grant Islamic finance the role and recognition it truly deserves.
"One of the main goals of this event is to show and promote the diversity and dynamism of the African banking sector and Islamic finance represents a thriving part of it.”
Now in its seventh edition, the African Banker Awards, with the African Development Bank as the Official Patron, is a landmark annual event organized by African the Banker magazine and IC Events in partnership with BusinessinAfrica Events.
It brings together over 500 key industry players and top government officials from Africa and around the world to honour the achievements of companies and individuals who have contributed significantly to the reform, modernisation and expansion of the continent's banking and financial system, driving Africa's sustained economic growth in the process.
MasterCard is the Platinum sponsor for this year's African Banker Awards. Other sponsors include Banque Atlantique (Groupe Banque Centrale Populaire), Bank of Industry, Coris Bank, BGFI, First Bank, Ecobank Nedbank Alliance, and the Islamic Corporation for the Development of the Private Sector.
Submission of entries from Banks and other financial institutions will close 25 March.
The 2013 Awards ceremony will take place 29 May, 2013, at Taj Palace Marrakech in Morocco, during the annual meetings of the African Development Bank.
-0- PANA PR/VAO 21March2013
