Press Release

AlHuda CIBE Organized - African Interest-Free Banking and Takaful Awards – 2020 in Addis Ababa, Ethiopia
AlHuda CIBE Organized "African Interest-Free Banking and Takaful Awards – 2020" in Addis Ababa, Ethiopia

"Interest-Free Banking and Takaful Forum" has been inaugurated in Addis Ababa, Ethiopia

28th February, 2020: "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 Al-Huda Center of Islamic Banking & Economics (CIBE) at Ethiopian Skylight Hotel, Addis Ababa, Ethiopia with a specific purpose 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 congratulates 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”.

Delegates from various countries participated in the forum. The dignitaries including H.E. 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: award for the Best Cooperative Interest-Free Bank to Cooperative Bank of Oromia; Best Emerging Personality in Interest-Free Banking to Mr. Abdulkadir Redwan; Best I.T Integration & Innovative Product to Interest-Free Finance to Millennium information solution; Best Interest Free Banking & Finance Products to Oromia International Bank S.C; Best Interest Free Practitioner in Ethiopian Banking Industry to Awash Bank; Best Marketing Contribution for Interest Free Banking & Finance to Bank of Abyssinia; Best Rising Interest-Free Finance Personality to Mr. Ibrahim Adetokunbo; Best Technology Solution Provider to Islamic Banking to Path Solutions; Emerging Personality in Takaful & Re-Takaful to Mr. Fikro- Ethiopia Reinsurance; Best Contributor to the Interest-free banking industry to Mr. Mesfin B. Yimam from Dashen Bank Ethiopia.

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.

We are dedicated to serving the community as a unique institution, advisory and capacity building for the last twelve years. The prime goal has always been to remain stick to the commitments providing Services not only in UAE/Pakistan but all over the world. We have so far served in more than 35 Countries for the development of Islamic Banking and Finance industry. For further Details about AlHuda CIBE, please visit:

For Media Contact: Ms. Shaguftta Perveen
Manager Communications,
Call: +92 42 35913096 - 98

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