Ethiopian Interest-free Banking (IFB) Development Program Launch

AlHuda CIBE Launches Free Virtual Professional Development Program in Interest-Free Banking & Finance for Ethiopian Financial Professionals

(May 18th, 2026, Dubai, UAE): AlHuda Centre of Islamic Banking and Economics (AlHuda CIBE – UAE) proudly announces the launch of its Professional Development Program in Interest-Free Banking & Finance – Ethiopia Edition, a focused virtual training initiative running from 10 June 2026 to 10 August 2026, offered completely free of cost. Designed to strengthen professional capacity and advance the development of interest-free financial systems in Ethiopia. The program reflects AlHuda CIBE’s continued commitment to promoting ethical, inclusive, and sustainable financial solutions across Africa.

The program is specifically structured to equip bankers, financial professionals, regulators, insurance practitioners, microfinance professionals, and industry stakeholders with practical skills, global insights, and industry-ready expertise in Interest-Free banking, Takaful, Islamic microfinance, and Shariah-compliant financial operations. Through a flexible virtual learning model, the initiative aims to bridge the knowledge gap in Ethiopia’s rapidly evolving financial sector and support the development of a well-structured interest-free financial ecosystem aligned with international best practices. Participants may apply by 5 June 2026 at https://forms.gle/JJ7HVebFDsLBHCYb8 .

Mr. Muhammad Zubair Mughal, Chief Executive Officer of AlHuda CIBE, stated that Ethiopia represents one of the most promising and dynamic markets for Interest-Free finance in Africa, with a growing regulatory environment, a young professional workforce, and strong public demand for ethical financial services. He emphasized that AlHuda CIBE remains committed to empowering African economies through capacity building, advisory services, and institutional development.

He further added that “Interest-free banking is not only a financial alternative but a complete system that promotes financial inclusion, economic stability, and sustainable development. Through this program, we aim to equip Ethiopian professionals with the tools, knowledge, and global perspective required to build strong, resilient, and forward-looking Interest-Free financial institutions that serve every segment of society.”

The program is being conducted with the active support and collaboration of four prominent Ethiopian industry associations that collectively represent the full breadth of the country’s financial sector. Ethiopian Interest Free Finance Professionals Association (EIFFPA) is the foremost professional body dedicated to advancing the standards, knowledge, and practice of interest-free finance in Ethiopia, playing a pivotal role in nurturing a new generation of qualified practitioners and driving structured human capital development across the sector. Association of Ethiopian Micro Finance Institutions (AEMFI) represents the microfinance institutions that serve millions of low-income households, smallholder farmers, and micro-entrepreneurs across Ethiopia, making it a critical partner in extending the reach of interest-free financial services to the most underserved communities in the country.

Ethiopian Bankers Association (EBA) is one of Ethiopia’s foremost financial industry bodies, championing banking sector development, policy dialogue, and professional capacity enhancement, and its involvement underscores the mainstream banking sector’s commitment to embracing and expanding interest-free banking across the country. Association of Ethiopian Insurers (AEI) plays a significant role in strengthening Ethiopia’s insurance industry by encouraging innovation, professionalism, and regulatory compliance, and its collaboration reflects the insurance sector’s recognition of the growing importance of Takaful and Shariah-compliant risk solutions in serving Ethiopia’s diverse population. Their collective participation in this program reflects a unified commitment to advancing ethical, inclusive, and sustainable financial solutions for all Ethiopians.

AlHuda CIBE has been actively engaged in Ethiopia and across Africa through advisory assignments, training programs, and strategic collaborations with banks, financial institutions, and regulators. The organization has contributed to the establishment and development of Islamic banking windows, supported Takaful sector growth, and maintained strong professional relationships with regulatory authorities and central banks across the continent. With its expanding footprint across Africa, AlHuda CIBE continues to play a leading role in shaping the future of Islamic and interest-free finance, fostering financial inclusion, and supporting sustainable economic development across the region. Please visit program profile: www.alhudacibe.com/viethiopia2026 and Apply Now: https://forms.gle/JJ7HVebFDsLBHCYb8

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 104 Countries for the development of Islamic Banking and Finance industry. For further Details about AlHuda CIBE, please visit: www.alhudacibe.com.

For Media Contact:
Ms. Shaguftta Perveen
Manager Communications,
info@alhudacibe.com
Call: +971 52 865 5523