Islamic Finance Conference 2019 | Institute of Certified Public Accountants of Kenya | 17 July 2019 | Sarova Whitesands Hotel & Beach Spa, Off Mt Kenya Road, Mombasa, Kenya

Islamic finance is an emerging sector in financial services industry which is based on Islamic scriptural texts that prohibit usury (interest). Essentially, Shariah compliant financing is aimed at promoting fairness and equity in transactions, avoiding interest, abstaining from non-permissible activities and reward sharing through transparent processes. It spans in the banking, capital markets, insurance and pensions services.

Globally, Islamic finance controls assets worth over $2 trillion. In Kenya, Islamic finance is just over a decade old, having been introduced by Barclays Bank with the introduction of Shariah compliant banking products. The industry holds tremendous potential and promises great benefits not only to Muslims but to everyone seeking an ethical alternative to the traditional financial services offered in the market.

However, the growth of Islamic finance faces obstacles such as the lack of awareness of the sector, lack of skilled Islamic finance professionals, absence of supportive legal and regulatory infrastructure and poor perception. Although the Accounting and Auditing Organisations of Islamic financial Institutions (AAOIFI) has been making progress globally, the Kenyan market still grapples with the lack of harmonisation of the Shariah standards that forms the very basis of Islamic finance.

In view of this, ICPAK will hold this Inaugural Conference to shed light on this sector and enhance members’ knowledge in matters Islamic finance. The conference will focus on areas such as:
• Regulatory Framework – An Overview
• Takaful – Emerging Trends
• Overview of Islamic Banking
• Sukuk (Islamic Bond)
• Islamic Asset/Investment Management
• Case study – A Look at Dana Gas
• The Future – Developments and Challenges

Target:
Government Policy Makers, Banking Regulators & Auditors, Legal Practitioners, Economists, Finance & Accounting Professionals, Sharia Scholars & Compliance Experts, Professionals from Islamic Banks & Takaful Companies, Academicians, CEOs and CFOs from both Public and Private Sector.