ADDIS ABABA (AlHuda CIBE) – “African Interest-free Banking and Takaful Awards – 2020” distribution ceremony in Ethiopia was celebrated on 18th February, 2020 on the occasion of interest-free banking and Takaful forum organized by AlHuda Center of Islamic Banking & Economics (CIBE) at Ethiopian Skylight Hotel, Addis Ababa, Ethiopia.
The specific purpose of the forum was to encourage Interest-free banking & Takaful Industry as well as to recognize and celebrate outstanding achievements and contributions of individuals and institutions within Interest-free Banking and Takaful industry locally.
Al-Huda CIBE congratulated all winners of Awards. “Our congratulations to all of the winners and nominees of the African Interest-free Banking and Takaful Awards, 2020 at African Interest-free Banking and Takaful Forum,” said Mr. Zubair Mughal Chief Executive Officer Al-Huda CIBE, “African Interest-free Banking and Takaful Awards 2020” are truly showcase those organizations and individuals that are driving innovations in the rapidly emerging Interest-free Finance industry. We thank all of our entrants, judges, sponsors and partners for supporting the “African Interest-free Banking and Takaful Awards,” he added.
Delegates from various countries participated in the forum. The dignitaries including Ali Asghar Golo, Ambassador of Pakistan in Ethiopia and Mr. Muhammad Zubair Mughal, CEO of AlHuda CIBE FZ LLE, UAE handed over the awards to the winners. Various award categories conferred upon the winners include:
- Best cooperative interest-free bank – Cooperative Bank of Oromia
- Best emerging personality in interest-free banking – Mr. Abdulkadir Redwan (of Bank of Abyssinia S.C.)
- Best I.T. integration and innovative product to interest-free finance – Millennium Information Solution Ltd. (MISL)
- Best Interest-free banking and finance products – Oromia International Bank S.C.
- Best interest-free practitioner in Ethiopian banking industry – Awash Bank S.C.
- Best marketing contribution for interest-free banking and finance – Bank of Abyssinia
- Best rising interest-free finance personality – Mr. Ibrahim Adetokunbo
- Best technology solution provider to Islamic banking – Path Solutions
- Emerging personality in Takaful & Re-Takaful – Mr. Fikru Tsegaye (of Ethiopian Reinsurance S.C.)
- Best contributor to the interest-free banking industry – Mr. Mesfin B. Yimam (of Dashen Bank S.C.)
Many supporters and sponsors had aggressively participated to make the event successful including Islamic Corporation for Development of the Private Sector (ICD), Cooperative Bank of Oromia, Path Solutions, Millennium Information Solution, and Global Insurance Co., furthermore media partners including SUKUK, and True Banking Magazine were also there.
About AlHuda CIBE
AlHuda Center of Islamic Banking and Economics (CIBE) is a well-recognized name in Islamic banking and finance industry for research and provide state-of-the-art Advisory Consultancy and Education through various well-recognized modes viz. Islamic Financial Product Development, Shariah Advisory, Trainings Workshops, and Islamic Microfinance and Takaful Consultancies etc. side by side through our distinguished, generally acceptable and known Publications in Islamic Banking and Finance.
Source: AlHuda CIBE