Government has finalised working on regulations to oversee the operations of Islamic banking in Zambia, Finance Minister Alexander Chikwanda has said. Islamic banking, which is a financial service that meets the requirement of Shariah or Islamic Law, is designed to meet specific religious requirements of Muslims and there is no interest charged.
Chikwanda said the regulations for the operation of Islamic banking in the country will come into effect before the end of this year………………………………………..Full Article: Source