AlHuda Centre of Islamic Banking & Economics (CIBE), a globally recognized advisory and capacity-building institution in Islamic banking and finance, 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 and global experience with BAHAA Impact Consulting’s regional insight and implementation strength, the alliance aims to support the growth of Shariah-compliant financial solutions across Africa and emerging markets.

Under the agreement, AlHuda CIBE will provide advisory and consultancy support to BAHAA Impact Consulting, particularly in Islamic banking, microfinance, Takaful, and Sukuk issuance and structuring. Both institutions will also jointly organize workshops, seminars, training programs, and conferences, while collaborating on distance learning initiatives to build skilled human capital in Islamic finance.

Mr. Muhammad Zubair Mughal, Chief Executive Officer of AlHuda CIBE, stated:
“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.”

Mr. Mohammed EDRIS, Founder and Managing Director of BAHAA Impact Consulting Ltd., commented: “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 agreement also includes mutual promotion of services, joint branding as strategic partners, and defined revenue-sharing arrangements for training programs and educational initiatives. The partnership is initially valid for one year, with the option for renewal by mutual consent.