AlHuda Centre of Islamic Banking & Economics (CIBE) has signed a Strategic Partnership Agreement with BAHAA Impact Consulting Ltd., a Rwanda-based consulting firm specializing in impact-driven financial and development solutions.
The partnership establishes a structured framework for collaboration in Islamic banking and finance advisory, Sukuk structuring, education and training programs, conferences, and market development initiatives.
By combining AlHuda CIBE’s technical depth, global experience, and research capabilities with BAHAA Impact Consulting’s regional insight and strong on-ground implementation capacity, the alliance aims to support the sustainable growth of Shariah-compliant financial solutions across Africa and other emerging markets.
Under the agreement, AlHuda CIBE will provide advisory and consultancy support to BAHAA Impact Consulting, particularly in the areas of Islamic banking, microfinance, Takaful, and Sukuk issuance and structuring.
Both institutions will also jointly organize workshops, seminars, specialized training programs, and international conferences, while collaborating on distance learning and professional development initiatives designed to build skilled human capital and strengthen institutional capacity in Islamic finance.
The agreement also includes mutual promotion of services, joint branding as strategic partners, and clearly defined revenue-sharing arrangements for training programs, consultancy assignments, and educational initiatives.
Muhammad Zubair Mughal CEO – AlHuda CIBE
“Strategic partnerships are central to our mission of expanding Islamic finance through knowledge, advisory, and practical implementation. Our collaboration with BAHAA Impact Consulting reflects a shared vision to strengthen Islamic financial ecosystems in Africa by combining global best practices with strong local execution.”
Mohammed EDRIS, Founder and Managing Director of BAHAA Impact Consulting Ltd., commented that, “This partnership with AlHuda CIBE brings world-class Islamic finance expertise to our impact-focused work. Together, we aim to design and deliver Shariah-compliant financial solutions that support sustainable development, financial inclusion, and ethical investment across the region.”
The partnership is initially valid for one year, with the option for renewal or extension by mutual consent, reflecting the long-term commitment of both organizations to advancing Islamic finance development.
