NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

The 2nd International Forum on Islamic Finance (IFIF) will serve as a platform for the International Islamic finance and investments industry to converge in Khartoum to develop effective strategic action plans aimed at realizing the Islamic banking and finance opportunity in Africa.

Sudan is the only country in Africa, and one of two globally, that has a banking sector that is entirely Islamic. With deep experience in Islamic finance and an abundant wealth of mineral resources, Sudan is in an ideal position to demonstrate how Islamic finance can work to build inclusive economic growth making finance serve the economy.

The primary aim of IFIF is to highlight the experience of Sudan’s Islamic banks in funding large-scale infrastructure projects, improve trade flows and spur funding for micro, small & medium-sized enterprises.  These areas are of key importance to Africa and represent the most significant opportunity for Islamic finance to contribute to the growth of the non-financial economy.