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January 05.2025

2 Minutes Read

Unlocking Opportunities in Nigeria's Digital Sector through Islamic Finance

Logos of Bank of Industry and iDICE, Islamic Finance context.

Introduction to the iDICE Programme

In an exciting move set to invigorate Nigeria's technological and creative landscapes, the Islamic Development Bank (IsDB) and the Bank of Industry (BOI) are collaborating to implement the Investment in Digital and Creative Enterprises (iDICE) Programme. This initiative aims to harness Islamic finance mechanisms to bolster digital innovation and entrepreneurial growth within the country.

Role of the Islamic Finance Specialist

To steer this groundbreaking initiative, there's a call for expressions of interest for an Islamic Finance Specialist. The selected consultant will play a crucial role in executing the Non-Interest Finance framework while ensuring compliance with global standards and local regulations. This role, running from January 2025 to 2028, promises to deepen Nigeria's financial expertise in non-interest finance structures, essential for nurturing sustainable, inclusive economic development.

Why Islamic Finance Matters

Islamic finance offers a unique advantage by providing ethically sound investment opportunities that align with Islamic law principles. In Nigeria, a country with a significant Muslim population and growing entrepreneurial ecosystem, adopting these financial concepts can spur economic activities without the burden of conventional interest-based systems. This paves the way for an inclusive approach to funding innovation, ultimately driving socioeconomic progress.

Qualifications for Prospective Consultants

Prospective consultants must demonstrate at least three years of relevant experience in Islamic financial institutions, with a strong background in structuring non-interest finance contracts, particularly in Nigeria. An advanced understanding of global practices in non-interest finance is advantageous, as is familiarity with IsDB financing dynamics and the English language.

Seizing Future Opportunities in Nigeria's Tech Sector

By leveraging Islamic finance, Nigeria is positioned to become a leading hub for technological advancement. This opens doors for tech entrepreneurs eager to capitalize on a growing market, backed by solid financial strategies tailored to the region's needs. The iDICE Programme signifies a forward-thinking approach, fostering an ecosystem where innovation and ethics coexist for sustainable growth.

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Unlocking Opportunities in Nigeria's Digital Sector through Islamic Finance

Introduction to the iDICE Programme

Role of the Islamic Finance Specialist

Why Islamic Finance Matters

Qualifications for Prospective Consultants

Seizing Future Opportunities in Nigeria's Tech Sector

+650 980 9020

AVAILABLE FROM 8AM - 5PM EST

6749 S. Westnedge Avenue, Suite K-161, Portage, Michigan, U.S.A

ABOUT US

Terms of Service

Privacy Policy

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