TAMWEEL AFRICA HOLDING S.A. -...
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TAMWEEL AFRICA HOLDING S.A. Abdullah Çelik Chief Executive Officer Asya Katılım Bankası A.Ş.
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TAMWEEL AFRICA HOLDING S.A.
Abdullah Çelik
Chief Executive Officer
Asya Katılım Bankası A.Ş.
BANK ASYA (Million USD)
TOTAL ASSETS
-
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
10,000
2005 2008 2011
1,369
4,253
9,017
BANK ASYA (Million USD)
TOTAL CREDITS
-
2,000
4,000
6,000
8,000
10,000
12,000
2005 2008 2011
3,149
8,705
11,959
BANK ASYA (Million USD)
TOTAL DEPOSITS
-
1,000
2,000
3,000
4,000
5,000
6,000
7,000
2005 2008 2011
1,127
3,065
6,502
TAMWEEL AFRICA HOLDING S.A.
A corporation of perfect cooperation between
Islamic Development Bank
Islamic Corporation for the Development of the Private Sector
Asya Katılım Bankası A.Ş.
History
With the aim of promoting Islamic finance in Africa region, in 2009, IDB and the Islamic Corporation for the Development of the Private Sector (ICD) became majority shareholder of Islamic Bank of Senegal, Islamic Bank of Niger and Islamic Bank of Guinea following the acquisition of shares of these banks with the ambition to launch more banks in the region.
Partnership
In order to pool these investments, ICD created Tamweel Africa Holding SA (TAH) as a structure with management rights of the affiliates and by the end of 2009 entered into a strategic partnership with Bank Asya the leading Islamic bank in Turkey, while also IDB continued to be a shareholder in the Banks.
Corporate Structure
Tamweel Africa Holding S.A. has been incorporated in the Republic of Senegal with its head office located in Dakar, whose mission is to promote Islamic Finance in Africa by building modern, dynamic and strong Sharia compliant banks as a key contributor to socio-economic development in the countries in which it operates.
BANKASYA ICD
40 % 60 %
MAURİTANİA
100% 50.1%
GUİNEA NİGER SENEGAL
50.05% 68.7%
ISLAMIC DEVELOPMENT BANK
49.9% 49.88% 09%
LOCAL GOVERNMENT
22.2% 0.07%
Investors
Tamweel Africa Holding S.A. follows a partnership approach based on the complementing strength of ICD and Bank Asya.
Corporate Governance
Tamweel Africa Holding S.A.’s role is to set a common strategic direction for affiliates and monitor their performance to ensure that the Group objectives’ are being met, through a skillful Board of Directors and expert comities of bankers and scholars to provide technical support of high-level banking and the know-how of Islamic Finance.
A SUCCESS STORY OF BANKING
Affiliates of Tamweel Africa Holding
Islamic Bank of Senegal
Islamic Bank of Niger
Islamic Bank of Guinea
became top players of the countries,
Islamic Bank of Moritania established
a very short period of time
TAMWELL AFRICA HOLDING (Million EUR)
TOTAL ASSETS
-
50
100
150
200
250
300
350
2009 2010 2011
- - 17 16 21
35 14 23
37
75
155
259
105
199
347
MAURITANIA GUINEA NIGER SENEGAL TOTAL
TAMWELL AFRICA HOLDING (Million EUR)
TOTAL CREDITS
-
50
100
150
200
250
300
350
400
450
2009 2010 2011
- - 6 3 4 29
14 15 38
54
122
343
70
142
415
MAURITANIA GUINEA NIGER SENEGAL TOTAL
TAMWELL AFRICA HOLDING (Million EUR)
-
50
100
150
200
250
2009 2010 2011
- - 1
12 15
27
9 15 19
57
100
186
78
130
233
MAURITANIA GUINEA NIGER SENEGAL TOTAL
TOTAL DEPOSITS
TAMWEEL AFRICA HOLDING (2012)
Islamic Bank
of Senegal
Islamic Bank
of Niger
Islamic Bank
of Guinea
Islamic Bank
of Mauritania
Number of Branches 13 6 3 2 Number of Personnel 121 55 53 23 Number of Customer 8690 6794 4760 750
Objectives
– All the banks operating in accordance with Sharia rules
– Providing customers with a wide range of competitive and high quality Sharia compliant products and services
– Gaining significant market share in terms of credit and deposits
– Creating an exciting and appealing work environment to attract top talent and be recognized as an employer of choice in the banking sector.
– Creating significant value for the region
– Expanding through more banks to other African countries
