Islamic microfinance conference begins in Sudan

Oct 10, 2011

A microfinance conference focused on promoting the use of Islamic financial services for micro enterprises has got underway in Sudan.

A microfinance conference focused on promoting the use of Islamic financial services for micro enterprises has got underway in Sudan.

The event, which is the second of its kind, began on Sunday (October 9th) and will last for three days, the Sudan News Agency reports.

Topics such as Islamic policies towards microfinance, the work of microfinance bodies on a local and international scale and the mechanisms of providing the financial service are being discussed at the summit, which is taking place at Sudan's Financial and Banking Academy.

Director of the Microfinance Unit at Sudan's Central Bank Hiba Mahmamad Saddig said the meeting should help promote the benefits of this form of funding.

Another aim of the conference is to establish a microfinance forum to be used by decision-makers and academicians in the country.

Sudan - along with Gambia, Niger, Senegal, Mauritania and Nigeria - is home to some of the first Islamic banks in Africa, according to Le Griot newspaper.ADNFCR-2976-ID-800754093-ADNFCR