Waafi Bank Chairman Shares Regional Vision in African Business

Waafi Bank Chairman Mohamed Ashraf Iqbal outlines how Southeast Asia—especially Malaysia—can play a pivotal role in Africa’s next economic chapter.

In a powerful op-ed published in African Business magazine’s April 2025 Djibouti Forum Special Edition, Waafi Bank Chairman Mohamed Ashraf Iqbal shares his bold vision for Southeast Asia’s role in Africa’s rise. Drawing parallels between Malaysia and Djibouti, he outlines a strategic opportunity for investment, innovation, and long-term partnership—particularly in halal industries, renewable energy, and logistics.

His message is clear: Djibouti isn’t just an investment destination—it’s a launchpad for connecting continents.

This article is brought to you by Waafi Bank.

Waafi Bank is the world’s first virtual international Islamic bank. We provide Islamic banking services to people across the globe and take pride in empowering the global Muslim ummah with inclusive banking. Our commitment to sustainability —including for all our staff — means we have no physical branches or even offices, all completely online. Alhamdulillah, what a great time to be alive!

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