Shelter Afrique, a prominent Pan-African housing finance institution, has unveiled a strategic partnership with the Islamic Development Bank Institute (IsDBI) aimed at pioneering Islamic Housing Finance Products throughout the African continent.
This collaboration comes at a time when several African nations are making remarkable strides in advancing their Islamic finance markets, opening up previously untapped avenues for growth and development.
Shelter Afrique perceives the development of Islamic finance products as a compelling alternative financing model to effectively tackle Africa’s housing and urban development challenges. Managing Director Thierno Habib-Hann expressed enthusiasm about the initiative, stating, “We are thrilled to collaborate closely with IsDBI on this initiative. Rent-to-own schemes are natural products for Islamic finance and will be leveraged to address the large housing gap. This collaboration aligns with our commitment to dedicated funding thematics focused on ‘Green financing and Islamic finance.'”
The commitment of Shelter Afrique to enhancing its product offerings underscores its dedication to meeting the diverse needs of its clients and fulfilling its mandate of delivering affordable housing for all in Africa.
This collaboration positions Shelter Afrique to lead in developing and delivering unique financial offerings and structures for housing infrastructure across the continent. The Islamic Development Bank, renowned for impactful initiatives in member countries, will provide technical assistance to equip Shelter Afrique with the necessary tools to navigate the evolving landscape of affordable housing and urban development in Africa.
Dr. Sami Al-Suwailem, Acting Director General of the Islamic Development Bank Institute, emphasized the collective effort to promote inclusive and sustainable housing solutions through Islamic finance. He stated, “We believe that through strategic collaborations like these, we can drive positive change and contribute to the continent’s socio-economic development.”
The Islamic Development Bank Institute serves as the knowledge beacon of the Islamic Development Bank Group. Guided by the principles of Islamic economics and finance, the IsDB Institute leads the development of innovative knowledge-based solutions to support the sustainable economic advancement of IsDB Member Countries and various Muslim communities worldwide. The Institute plays a pivotal role in enabling economic development through pioneering research, original economic analysis, human capital development, and knowledge creation, dissemination, and management, with a focus on fostering Islamic finance ecosystems to help Member Countries achieve their development objectives.
Photo (skyscrapercenter.com/)
By: Delino Gayweh
Serrari Financial Analyst
December 11, 2023
Article and News Disclaimer
The information provided on www.serrarigroup.com is for general informational purposes only. While we strive to keep the information up to date and accurate, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
www.serrarigroup.com is not responsible for any errors or omissions, or for the results obtained from the use of this information. All information on the website is provided on an "as-is" basis, with no guarantee of completeness, accuracy, timeliness, or of the results obtained from the use of this information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.
In no event will www.serrarigroup.com be liable to you or anyone else for any decision made or action taken in reliance on the information provided on the website or for any consequential, special, or similar damages, even if advised of the possibility of such damages.
The articles, news, and information presented on www.serrarigroup.com reflect the opinions of the respective authors and contributors and do not necessarily represent the views of the website or its management. Any views or opinions expressed are solely those of the individual authors and do not represent the website's views or opinions as a whole.
The content on www.serrarigroup.com may include links to external websites, which are provided for convenience and informational purposes only. We have no control over the nature, content, and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorsement of the views expressed within them.
Every effort is made to keep the website up and running smoothly. However, www.serrarigroup.com takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.
Please note that laws, regulations, and information can change rapidly, and we advise you to conduct further research and seek professional advice when necessary.
By using www.serrarigroup.com, you agree to this disclaimer and its terms. If you do not agree with this disclaimer, please do not use the website.
www.serrarigroup.com, reserves the right to update, modify, or remove any part of this disclaimer without prior notice. It is your responsibility to review this disclaimer periodically for changes.
Serrari Group 2023
