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Malaysia To Share Islamic Finance Experience With West African States
Last update: 13/02/2018

From Mohd Nasir Yusoff

DAKAR (Senegal), Feb 13 (Bernama) --†Malaysia has been invited Malaysia to the Fifth International Islamic Finance Forum West Africa 2018†here on March 19-20 to share its†experience in Islamic finance.

Malaysian†Ambassador to Senegal Dr Shazelina Zainul Abidin said the biennial forum would†bring together financial decision makers from across the West African region, as well as bankers, financiers and representatives from†other financial institutions.

The theme for this year's forum is 'ECOWAS†(Economic Community of West African States) -†Gulf bridge investments direct to finance major project',†she said in a statement to Bernama today.

She added that the focus would†be on the Gulf Cooperation Council countries and their involvement in†Islamic finance, as well as†in West Africa.

Head of the organising committee Mouhamadou Lamine Mbacke†was quoted in the statement as saying that there is massive potential for Islamic finance in the region, given its undeveloped status.

Mbacke, who is also President of the African Institute of Islamic Finance, said that the forum is a manifestation of the interest of the Gulf countries' financial sector in West Africa, and an opportunity to network on concrete and major projects.

Shazelina said Malaysia has been invited to the forum and is †expected to share its experience in establishing and developing Islamic finance with the 15†member states of ECOWAS, home to over 349 million people, in a special discussion.

"As a moderate Muslim nation, Malaysia is well-regarded in the West African region, given its successes in economic development and growth and strong voice on issues at the world stage," she added.

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