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BoZ urges banks to go Islamic

Posted on 31 December 2010

From Daily-mail.co.zm: Bank of Zambia (BoZ) governor Caleb Fundanga has challenged local and foreign financial institutions to submit proposals to the bank for consideration on the operation of Islamic banking in Zambia.

Islamic banking is a financial service that meets the requirement of Shariah or Islamic law. It is designed to meet specific religious requirements of Muslims and there is no interest charged…………………………………….Full Article: Source

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