Islamic banking principles differ substantially from conventional banks. It prohibits usury and collection or payment of interest. Islamic finance products are based on risk-sharing and profit-sharing. Such principles provide acceptable financial returns to investors by providing potential profit in proportion to the risk assumed. Clearly, Islamic banking in Africa has a big untapped niche. With over 50% of the population in Africa being Muslim, Islamic banking services are bound to grow at a very fast rate. Though in the sub-Saharan part of Africa, the population tends to be largely Christian. 

Consequently, banking services are skewed towards the European’ style. But even with this, the Muslim populations in these countries still create a considerable demand for Islamic banking services. In most sectors of the socio-economic setting, Muslims are a force to reckon with both politically and socially. It is our believe in Titlas Inc that the constant failure of conventional banks  demand for Islamic banking services in the continent of Africa . Although Islamic banking prohibits interest and involvement in economic activities which are morally and socially injurious (such as alcoholism and gambling) it does not stop the banking institution from engaging in other profit making activities. The bank is allowed to make profits on behalf of its clients as long as the two have set down a sharing agreement on the profit or loss made from the investment. Among other things, the bank can still engage in other joint ventures and leasing activities for profit. These ensure that the demands of investors in the contemporary environment are satisfied within the guidelines of the Islamic Laws and ethics is observed  by the banking institution.

The uniqueness of the Islamic banking principles makes it a perfect alternative for traditional banking system that leaves a larger part of Africans unsatisfied.  Islamic interest free mode of financing provide a better competition but can still coexist with interest-based conventional financing to ensure the African population is properly served. This contention inform the initiative to organize this conference with the ultimate aim of educating  and informing decision makers in banking and economic policy from all  African countries