Islamic Financial Institutions
DEVELOPMENT PROGRAM (IFI)
This program offers advice on:
- establishing new Islamic financial institutions
- transforming conventional financial institutions to Islamic financial institutions
- establishing Islamic windows in conventional financial institutions.
- developing regulatory frameworks (for governments)
In 2017, we signed seven new mandates across seven different member countries through the IFI Program. These include advising on the creation of a new digital Islamic banking window in Nigeria (SunTrust Bank), establishing new Islamic banking windows in Guinea (Afriland First Bank), Mali (Coris Bank), Cote d’Ivoire (Coris Bank), Senegal (Coris Bank), Benin (Coris Bank), and transforming Bank NTB in Indonesia from conventional to Islamic banking.