The Islamic Corporation for the Development of the Private Sector (ICD) plans to open two new Islamic banks in Mali and Benin next year as part of efforts to expand the industry’s consumer base in Africa, its chief executive said.
“The issue for Islamic banking in Africa is not on the demand side which is potentially massive, but rather it is a supply side issue,” Khaled Al-Aboodi said in a speech in Djibouti this week………………………………………..Full Article: Source