AlHuda CIBE strengthened its roots in Sierra Leone financial industry

AlHuda CIBE strengthened its roots in Sierra Leone financial industry

Dubai: AlHuda Centre of Islamic Banking and Economics diverted its human resources to Sierra Leone financial market, in a couple of days by its professional excellence and technical expertise penetrated freely in Freetown. Islamic Financial Industry is a system which provides reliable economic and socially justified solutions in light of Shariah principle. The structure of Islamic financial system is the key of sustainability for developing economies like Sierra Leone. AlHuda Centre of Islamic Banking and Economics is penetrated in West African Financial Industry, it played very developmental role in some Anglo and Francophone countries. In expansion of its operations AlHuda CIBE move to Sierra Leone market, this market is new for the concept of Islamic finance industry. The lack of awareness, human resources expertise, and in-depth knowledge are the main challenge for it, but the good thing is the market is ready to adopt this new venture in this market.

AlHuda CIBE mission is present in Sierra Leone from one and half month, in this duration we met with Governor, Deputy Governor, and Directors of Bank of Sierra Leone and have communication for the development of Islamic microfinance and Sukuk (Islamic Capital bonds) Issuance. We also met with Mr. Dennis K.