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Islamic Finance Briefing - Categorized | Banking, Compliance, Tax, Legal, Regulatory more

CBN clarifies stance on non-Interest banking

Posted on 22 June 2011

The Central Bank of Nigeria (CBN) yesterday clarified its stance on Non-Interest Banking, saying it was not only Islamic banks that were contemplated under the new banking model, which categorised Non-Interest Banks (NIBs) as part of specialised institutions.
This clarification stemmed from the outrage by Christians who felt that non-interest banking was the same thing as Islamic banking……………………………………….Full Article: Source

 
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