9. Conclusion

The bright prospect for Islamic finance in Africa is based on the combination of two successful experiments that are well acknowledged internationally. These are the exceptional growth of the Islamic finance industry over the last decades as one of the fastest growing segments of international finance, based on its distinguishing characteristics and principles, on the one hand, and the remarkable successes and unprecedented growth of many African economies in the last decade, on the other. The convergence of the two success stories is expected to create a powerful contributor towards financial inclusion, project financing, and economic development in the continent. Not only have the two stories been successful, but the widely projected future of both experiments is bright and promising.