12.03.2009 - Nigeria: Guidelines on Islamic banking out
From Allafrica.com: In apparent determination to ensure compliance to the Sharia by banks interested in Islamic banking, the Central Bank of Nigeria (CBN), has released a draft framework for the regulation and supervision of the Shariah banking system. According to information gathered from economic intelligence on line yesterday, "The apex bank said all licensed banks offering Shariah-compliant financial products or services shall have a Shariah compliance review mechanism and a Bank Shariah Advisory Committee (SAC), as part of their governance structure.".... Full Article: Source