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Gambia: Islamic banking forum opens

Posted on 19 October 2011

A five-day regional course on the rudiments of interest-free Islamic banking kicked-off Monday at the Paradise Suites Hotel in Banjul. The course, organised by the West African Institute for Financial and Economic Management (WAIFEM) and attended by bankers from the sub-region is geared towards exposing bankers in the region to the basic tenets of Islamic banking.
Welcoming participants to the course, Professor Akpan H Ekpo, director general of WAIFEM explained that Islamic banking is a banking model based on profit and loss sharing system and rests on the Islamic doctrine of ‘universal permissibility’ in business dealings, which states that everything is permissible unless it is clearly prohibited……………………………………….Full Article: Source

 
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