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Nigeria: ‘Islamic banking will bail out nation’s economy’

Posted on 12 April 2010

From Allafrica.com: An Islamic group-Muslim Rights Concern (MURIC)-has called on the Federal government to expedite action on the grant of licences for the operation of Islamic banks in the country.

The Director of the group Dr. Is-haq Akintola said when granted the permit, the banks should be national rather than regional as proposed by the Governor of the Central Bank Sanusi Lamido Sanusi. According to him, Islamic banking system is the only way to bail out the nation’s economy from the wood……………………………….Full Article: Source

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