Tue, Aug 4, 2015
A A A
Welcome bhaimia
RSS

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

 
Article link

This post was written by:

Laxman - who has written 19160 posts on Opalesque Islamic Finance Briefing.


Contact the author

Comments are closed.

banner
August 2015
M T W T F S S
« May    
 12
3456789
10111213141516
17181920212223
24252627282930
31