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Islamic banking, terrorism and Nigeria’s economy

Posted on 04 July 2011

Central Bank of Nigeria (CBN) boss, Sanusi, is not new to criticism and controversies. But he may not have perceived the dimension his move to institutionalise Islamic banking in the country would amount. He drew the ire of some Nigerians when he told an Islamic forum in far away Senegal that Nigeria would soon embrace Islamic code of banking, otherwise known as non-interest banking.

“We are working with the Debt Management Office (DMO). The Central Bank (of Nigeria) is collaborating with them on capacity building. We do have a target of issuing a first sovereign sukuk in Nigeria within 18 months,” Sanusi had stated……………………………………….Full Article: Source

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