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Islamic banking in Africa

Posted on 05 March 2012

KFH Research prepared a report about the future of Islamic finance in Africa that said that there are various promising opportunities for the growth and development of Islamic banking in Africa; especially North African countries, in addition to Kenya, Nigeria, Senegal and South Africa. It is worth noting that South Africa is a market with great potential for Islamic banking transactions.
In addition, the report mentioned that Africa hosts 38 Islamic finance institutions, and stressed that most African countries have amended their legislations to allow Islamic institutions to operate………………………………………..Full Article: Source

 
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