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Nigeria faces big challenge in promoting Islamic finance

Posted on 21 December 2009

From Arabnews.com: Nigeria is potentially the largest market for Islamic finance in Africa. It is with South Africa one of the two largest economies on the continent. However, due to political and religious sensitivities, the country is a latecomer to licensing non-interest banks and products.
With a dynamic new governor at the Central Bank of Nigeria, the country‚Äôs policy is changing through the recognition that non-interest finance is an alternative form of financial management and is open to anyone interested in ethical and socially-responsible finance irrespective of religion and region…………………………………Full Article: Source

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