Islamic banking

By IndepthAfrica
In Article
Sep 6th, 2012
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by Tope Fasua My ‘childhood’ friend, Richard Ogunmodede, now a ‘big man’ at First Bank, used to invite me to the banks’ Annual General Meeting parties at the Hilton, Abuja (I must ask him why he stopped!). The invites provided good opportunities for us to meet and hug as brothers, and relive the days...
By IndepthAfrica
In Business
Dec 6th, 2011
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36 Views
South Africa’s National Treasury is considering issuing Islamic bonds to diversify its investor base and could have its first sukuk in the market as early as the next financial year if approved. “There is a great interest in the sukuk market and this is the first step towards meeting the ...
By benim
In News
Jul 11th, 2011
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Approbatory and disapprobative voices have trailed the Central Bank of Nigeria’s (CBN) decision to implement Non-Interest Islamic Banking (NIB) in the country, a package, whose initiative, framework, process leading to its formation and approval in principle date back to the reign of Sanusi’s predece...
By benim
In Economy
Jul 5th, 2011
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32 Views
Plans to introduce Islamic banking as one of the models of non-interest financial services has touched off intense controversy in religiously divided Nigeria. The Central Bank of Nigeria (CBN) two weeks ago published a final set of regulations on non-interest banking, which includes Islamic banking, ...
By benim
In Business
Mar 8th, 2011
1 Comment
32 Views
Nigeria wants to establish itself as the African hub for Islamic banking and is working on a regulatory framework to try to emulate the success of the industry in Malaysia, Central Bank Governor Lamido Sanusi said. Nigeria is home to the largest Muslim population in sub-Saharan Africa, with around ha...