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The emerging Islamic finance market in Nigeria - Outline and challenges

Posted on 20 May 2011

The concept of Islamic Finance is currently expanding globally at an astronomical rate and gaining grounds in various Islamic and non-Islamic markets alike. This is evident in a recent forecast by Moody’s rating agency, which estimates that the current size of the Islamic Banking Industry at the global level is $1 trillion, and could grow to $5 trillion over time.
Nigeria is disposed to this global trend, as relevant regulatory frameworks have in recent times been put in place to enhance the effective growth of the concept of Islamic Finance in the country……………………………………….Full Article: Source

 
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