Islamic Finance Experiment in Nigeria: Gains, Challenges & Prospects

Tuesday, 22 February 2022 | 21 Rajab 1443 AH
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Once again, MPAC is pleased to announce its collaboration with The Companion, Nigeria, for their 5th National Discourse. The event will take place on Sunday 6 March 2022, at the J F Ade-Ajayi Main Auditorium of the University of Lagos. The theme of this all-important event is “Islamic Finance Experiment in Nigeria: Gains, Challenges & Prospects.”

MPAC is working with The Companion, Nigeria as a partner to achieve overall success and contribute to human development based on the principles of Islam.

The Companions, Nigeria, is renowned for attracting eminent professionals from different walks of life. Therefore, this year’s epochal colloquium also boasts an impressive lineup of speakers and guests.

The special guest of honour is His Highness Sanusi Lamido Sanusi, CON, a former CBN Governor and former CEO of First Bank Nigeria Plc. In addition, the event will be chaired by the Co-Founder of GTBank and Founder/Chairman, FATE Foundation, Mr Fola Adeola, OFR, MNI.

The theme of the discourse shall be discussed by Professor Abdul-Razaq Abdul-Majeed Alaro of the Department of Islamic Law, University of Ilorin, and a renowned Islamic finance expert.

This discourse couldn’t have come at a better time, as Nigeria and the whole of Africa are witnessing a great revolution in the finance industry. For example, the Minister of Finance, Budget, and National Planning, Mrs Zainab Ahmed, said the Federal Government of Nigeria raised N669 billion from the Nigerian capital market through the issuance of Sukuk Bonds in 2021.

Not only this, but the Fintech Industry has also witnessed a massive turnaround in the last five years. In 2022, Flutterwave surpassed $3billion valuation to become Africa’s biggest fintech startup.

Furthermore, more Nigerians are becoming aware of Halal investment opportunities, including a foray into the world of cryptocurrencies. These are issues begging to be addressed by the Nigerian Muslim community.

Interestingly, the guests and speakers have a strong background in Finance, making it an essential event for finance experts, stakeholders, students, Islamic finance enthusiasts, and the general public.

Like the past editions of this ground-breaking national discourse, participants are expected from various professional fields covering the academia, executive and legislative branches of government, subject matter experts, policy advisers, technocrats, senior public officials, investors, and representatives of international development agencies and the diplomatic corps.

The Companion’s national discourse is coming about three months after MPAC organised its third Masterclass. We encourage you to add this all-important event to your calendar, so you don’t miss it.

For inquiries, please get in touch with 08033181467 and 07034155578.

MPAC is working with The Companion, Nigeria as a partner to achieve all-around success at The Companion 5th National Discourse.


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