WHO WE ARE
The Africa Centre for Islamic Economic Foundation (ACIED) is an independent development organization that provides a distinctive Islamic perspectives on economic, development and social issues. Registered and governed by the corporate laws of Ghana, ACIED’s work encompasses a range of advisory, research, policy and field-building activities. ACIED sets the benchmark on public policy by drawing together the most innovative thinking available from some of the world’s foremost experts and applying that thinking to the challenges facing Africa.
Working in close collaboration with its strategic partners in a number of key African countries, ACIED networks with individuals, Governments, public and private sector organizations to promote the asset-based paradigm of economic development in Africa. It also acts as a unique catalyst for partnerships across public, private and social sectors by mobilizing financial and human resources to confront Africa’s social needs and offers information and resources to link investors with investment opportunities in Africa.
ACIED’s core competencies in economic development are in three primary areas: access to ethical finance, market development and integration of economic development with cross-cutting themes, particularly agriculture, education, renewable energy, forestry and climate change, healthcare, drinking water and sanitation, governance, natural resources management, entrepreneurship, micro-finance and cooperatives – all with an emphasis on inclusive community-based approaches.
Within the general promotion of Islamic Economics and Finance, ACIED puts research work at the center of its efforts, with the goal of better understanding and interpreting trends and structures of social-economic phenomena for the advancement of knowledge. Recognizing that a country’s GDP does not tell the whole story about the health of its economy, ACIED promotes an alternative economic thought that emphasizes and places the well-being of the individual on center stage.
ACIED supports national regulatory institutions like Central Banks, Security and Exchange, and Insurance regulatory bodies as well as Investment and Export Promotion Agencies to develop plans and roadmaps towards a well-functioning Islamic Finance and Halal markets in Africa.
ACIED neither does charity nor depends on it. It believes that people of developing countries in which it works are capable citizen actors in their own development. It therefore acts with them, favoring the dignity of citizenship over hand-outs, capacity building over substitution, contribution to public policy over recycled unsuitable models, and working with the economic sector over sterile opposition.
ACIED’s Conferences, Summits and Transformative Roundtable Dialogue series are unique initiatives aimed at projecting a positive and sophisticated image of Islamic finance and economics through the exchange of cutting-edge ideas and objective discussions on the various benefits of asset-based and interest-free paradigm of economic development among academicians, decision and policy makers, private sector operators and development practitioners in Africa. These exclusive and multi-sector events take place in various cities in Africa bringing together civil society organizations, governments, regional economic agencies and the private sector to collaborate, network, exchange ideas to consider major African economic issues of the day and to brainstorm on solutions to address these challenges from the perspectives of the Islamic paradigm of economic development.