THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(established under the Accountant Act, Laws of Kenya)
Professional Forum – Mombasa
Theme: Islamic Finance – An Emerging Paradigm
Venue: Coast Branch Office, 2nd Floor Jubilee Arcade, Moi Avenue, Mombasa
Date: 6th March, 2019
Time: 5:30pm to 7:30pm
Introduction
Islamic finance refers to an emerging sector in financial services 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 sectors such as banking, capital markets and insurance 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 Kenya market still grapples with the lack of harmonisation of the Shariah standards that forms the very basis of Islamic finance.
The Institute of Certified Public Accountants of Kenya, ICPAK, has organized this forum to shed light on this sector and enhance members’ knowledge in Islamic finance.
Target Audience
All ICPAK Members, Associate members, Non-members and reciprocating professional organizations from both private and public sectors.
Online Booking
Kindly note that booking for this forum is available either online at www.icpak.com/events or on the ICPAK Live – A smart phone based application that is available from Google store.
Charges:
| Category | Charges |
| Associate Members | Kshs. 1,500 |
| Members | Kshs. 2,000 |
| Non-Members | Kshs. 2,500 |
Members in attendance will be awarded 3 CPD Hours.
Further enquiries can be channeled to us via through joy.wanyonyi@icpak.com or through memberservices@icpak.com.
We encourage you to regularly visit our website www.icpak.com for updates.
