keynote presentation: outlook and strategy for islamic finance's development in north africa
TRANSCRIPT
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Outlook and strategy for Islamic Finadevelopment in North Africa
A New Dawn: Islamic Finance in Egypt & North Africa
20th & 2Fairmo
2nd International Shariah Investment Convention II
Dr. Walid Al-Ghannouchi
J ointly organised by
Presentation material of the white pap
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NORTH AFRICA
A crossroad of similarities and d
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HIGH
UNEMPLOYMENT
RATE
In North Africa, we share so many f
RELIGIO
LANGUAGE
SOCIALSTRUCTURE
POPULATION
PYRAMID SOC
TUECONOMIC
IMBALANCES
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... but still there are so many disin Islam
Most
Marke
Fina
3 Islamic banks
& 1 Takful1 Alternative
financialinstitution
2 Islamic banksIF is at inception
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Adopt a CONSUMER centric ap...as the key driver to develop Islamic Finance in N
Islamic
Finance
Institution
Islamic
Finance
Institution
Islamic
Finance
Institution
Islamic
Finance
Institutio
Islamic
Finance
Institution
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ISLAMIC FINANCE OUTLOOK
Key strategy axes to boost its development in No
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7/29/2019 Keynote presentation: Outlook and Strategy for Islamic Finance's development in North Africa
Photo by Walid Ghannouchi (2011)
Islamic
financeConventional
finance
Today this is the situ
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7/29/2019 Keynote presentation: Outlook and Strategy for Islamic Finance's development in North Africa
Photo by Walid Ghannouchi (2011)
Islamic
finance
Conventional
finance
Tomorrow the impact has to ch
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1. Establish an integrated ecto boost trade and i
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2. Set up a dedicated regulatory framfor Islamic finance in N
Adopt and adapt AAIOFI standards
Align tax treatment of Islamic contract to theirequivalent conventional contracts
Set up professional working groups to integrate
Islamic finance in the economy at all levels
Connect to International Islamic finance agencies
(such as IDB, IIFM, IFSB, IIRA)
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3. Strengthen banking penetration a
the pop
Awareness on Islamic
finance fundamentals
Understanding of Islamic
finance mechanisms
Set Islamic finance to be
competitive and more cost
efficient
Islamic
FinanceInstitution
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4. Offer an excellent servicset new quality standards in N
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Photo by Walid Ghannouchi (2011)
5. Increase Profit & Loss
SHARING
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The wind of
change hasblown on
this region
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... and so
we need
to sail in
the same
direction
for thebenefit of
ALL...
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I HAVE A DREA
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Efficept Consulting
www.efficept.com
Email: walid.ghannouchi@eff
The information contained herein is of a general n
circumstances of any particular individual or entity
accurate and timely information, there can be no g
accurate as of the date it is received or that it will
No one should act on such information without ap
thorough examination of the particular situation.Efficept, Efficept Islamic Finance and Efficept consu
Efficept, firm registered under Tunisian law.
Designed and produced by Efficept Publication
Name of the document: Islamic Finance developm
drivers and outlook presentation slides
Publication number: 002-2012
Publication date: March 2012
Thank you