Those elected include top management officials from Taj Bank, SunTrust Bank, Cornerstone Takaful Ltd and Noor Takaful Ltd among others. Chairman of NIFIAN’s Board of Trustees, Babayo Saidu, said the association was registered on August 28, 2020 and incorporated at the Corporate Affairs Commission (CAC). He said the association promotes common interest of member-organisations towards developing the non-interest financial services industry in Nigeria, creating an enabling regulatory environment through advocacy as well as deepening financial inclusion through market engagements and financial literacy. In his inaugural address, the association’s president, Usman, said the journey started more than a decade ago with Nigeria Islamic Finance Working Group, a multi-institutional platform under the auspices of EFInA (Enhancing Financial Innovation and Access).