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Islamic Finance Briefing - Categorized | Banking, Emerging Trends more

Should Nigeria embrace Islamic banking?

Posted on 06 July 2011

The Nigerian Central Bank (CBN) is hosting a two day conference to discuss the introduction of Islamic banking in the country. Under Sharia Islamic law, making money from money, such as charging interest, is usury and therefore not permitted.
The customer and the bank share the risk of any investment on agreed terms, and divide any profits between them……………………………………….Full Article: Source

 
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