Press Release

Dr. Muhsin Mohamed the Managing Director from Amana Bank Limited receiving The Best Islamic Bank Award during the 4th African Islamic Banking and Finance ceremony in Dar-Es-Salam, Tanzania.
AlHuda CIBE Organized Tanzanian Islamic Banking and Finance Award in Dar-es-Salam Tanzania

4th African Islamic Finance Summit has been inaugurated in Dar Es Salaam, Tanzania

3rd April, 2017: National Islamic Banking and Finance awards” distribution ceremony in Tanzania was celebrated on 29th of March 2017 on the occasion of 4th African Islamic Finance Summit organized by Al-Huda Center of Islamic Banking & Economics (CIBE) at Hyatt Regency, Dar Es Salam, Tanzania with a specific purpose to encourage Islamic banking & Finance Industry as well as to recognize and celebrate outstanding achievements and contributions of individuals and institutions within Islamic Finance industry locally. Al-Huda CIBE congratulates all winners of NIBFA Awards 2017. “Our congratulations to all of the winners and nominees of NIBFA Awards today at 4th African Islamic Summit Finance” said Mr. Zubair Mughal Chief Executive Officer Al-Huda CIBE, “The NIBFA Awards truly showcase those companies and individuals that are driving innovations in the rapidly emerging Islamic Finance industry. We thank all of our entrants, judges, sponsors and partners for supporting the NIBFA 2017 Awards”

Delegates from various countries participated in the summit. The dignitaries including Mr. Mheshimiwa Charles B. Kuyeko; the Mayor of IIala Municipal Council of Dar es Salaam, Mr. H.E.Saad Ali Shire, the Minister of Foreign Affairs and International Cooperation in Somaliland and Pakistan High Commission; Mr. Muhammad Amir Khan handed over the awards to the winners. Various award categories conferred upon the winners include: Award for The Best Islamic Bank was awarded to Dr. Muhsin Masoud Salim M.D of Amana Bank Ltd, Award for The Best Window Operation was awarded to Mr. Rashid H. H. Rashid from KCB Bank, The Best Islamic Microfinance Institution was awarded to Mr. Faiz Hussain CEO from Imaan Microfinance, similarly The Best Technology provider award to Mr. Mesam Rizvi from Technology Associate Ltd, The Best Islamic Finance Education provider award was given to Zanzibar University, Muslim university of Morogoro was given an encouraging award titled Welcoming Institute Award , Motivational Award to initialize Takaful in Tanzanian Industry was given to Mr. Mohsin Hussain from Tanzania Takaful, The Best Retail banking Award was given to National Bank of Commerce in Tanzania, Lifetime Achievement Award was given to Mr. Aref M. Nahdi for Imaan TV for their overall rich contribution towards Islam furthermore the Best Sharia’h Advisor Award was given to two personalities including Mr. Mohamed Hafidh Khalfan from Zanzibar Insurance Corporation and Mr. Khalfan Abdallah Salim from Gulf African Bank Kenya, the Best Personality of the year award was conferred upon Mr. Othman Ali Kaporo Further The Women Empowerment Award was given to Mrs. Sophia Mwakagenda , The Best Contributor to Industry award to Mr. Asim Hameed Khan for paving a path as well as example for others and the Award for initiating Takaful Industry in Tanzania was delivered to Zanzibar Insurance Corporation” for taking innovative initiatives to strengthen and promote Islamic Finance Industry.

Many Supporters and sponsors had aggressively participated to make the event successful such as Interfima, CIFCA, TAMFI, Tanzania Insurance Broker Association (TIBA), and Association of Tanzania Insurance (ATI). Sponsors including Amana Bank-Tanzania, National Bank of Commerce (NBC) and Financial Sector Deepening Trust (FSDT) further more media partners including Micro capital, Islamic Banker, The Exchange, IAIR, SUKUK, and True Banking Magazine.

About AlHuda (CIBE)
AlHuda Center of Islamic Banking and Economics (CIBE) is a well-recognized name in Islamic banking and finance industry for research, advisory and capacity building over the last twelve years. The prime goal has always been to remain stick to the commitments 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 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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