In October 2009, EFInA established the Nigerian Islamic Finance Working Group (NIFWG). The group consists of experts from market operators and regulators who intend to drive a multi-institutional approach to implementing non-interest banking/finance in Nigeria. The NIFWG meets quarterly to identify and address regulatory and market related issues to ensure the successful implementation of non-interest banking/finance in Nigeria.
To build the capacity of stakeholder organizations, EFInA sponsored the Islamic Finance Council, UK to provide a bespoke capacity building programme that addressed the skill gap of the Working Group. Two representatives from each of the organisations in the Working Group participated in the capacity building courses held in December 2010 and February 2011.
Topics covered include:
- Islamic Economics
- Core Islamic Banking Products
- Banking and Takaful (Islamic Insurance)
- Asset Management for Islamic Banking and Insurance
- Regulatory and Corporate Governance Issues
- Major Islamic Financing Contracts
- Islamic Banking Products
- Islamic Capital Markets
- Private Equity
- Islamic Capital Market Regulations
Working Group Participants at the Islamic Finance Capacity Building Programme