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Islamic Finance Briefing - Categorized | Banking, New Launches more

Standard Bank launches Islamic banking product

Posted on 06 May 2010

From Reuters: South Africa’s Standard Bank Group has launched its first Islamic banking product in Tanzania and is awaiting regulatory approval to offer similar services in Nigeria, a senior executive said.
The sharia law-compliant savings and current accounts are aimed at attracting customers deterred by conventional banking which conflicted with their faith, said Terry Moodley, head of personal and business banking at Standard Bank……………………………………..Full Article: Source

 
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