| With the expansion of the Islamic communities across the globe, Islamic banking and takaful insurance are already playing vital roles in today’s global financial village. Operators of Islamic banking argued that Islamic banking cannot be fully Sharia based unless there is Takaful to take care of their insurance businesses.
The Governor of the Central Bank of Nigeria, CBN, Mallam Sanusi Lamido Sanusi, at the just concluded Islamic banking conference in Dakar, Senegal recently announced that the apex bank had given implicit approval to Jaiz Bank, as the first Islamic bank in Nigeria..............................................Full Article: Source |