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

CBN to approve Islamic banks

Posted on 11 March 2009

From Leadershipnigeria.com: The Central Bank of Nigeria has released a draft framework for the regulation and supervision of the Shariah banking system, otherwise known as non-interest banks.

The Economic Confidential reported the apex bank as saying that all licensed banks offering Shariah-compliant financial products or services shall have a Shariah compliant review mechanism and a bank Shariah Advisory Committee (SAC) as part of their governance structure. …. Full Article: Source

 
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