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South Africa’s First National Bank recruits new Shariah advisors

Posted on 03 May 2013

Reuters quotes new Islamic Finance Chief Executive Officer Amman Muhammad as saying, “In the new structure, we no longer call them a board, we’re using the term ‘sharia advisory committee’ and we now clearly define what the role of the committee is.”
He also revealed the bank’s plans to rebrand Islamic Finance, “We’re proposing to go to the market at the start of our new financial year with the name FNB Islamic Banking. It’s important for us to build our credibility in South Africa, (while) FNB acts as a conduit between us and other African countries,” he told Reuters………………………………………..Full Article: Source

 
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