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Islamic Finance Briefing - Categorized | Banking, Emerging Trends more

High Islamic banking fees irk customers in S. Africa

Posted on 19 July 2010

From Arabnews.com: It is not only some South African government officials, cadres of the ruling African National Congress (ANC) and high ranking officers of state utilities, that are on the gravy train. Perhaps the biggest greed culture is amongst South African banks whose banking charges and fees are the highest in developed countries.
Unfortunately, Islamic banks and windows in South Africa are no exceptions, fueling further cynicism about Islamic banking in the country……………………………………….Full Article: Source

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Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


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