22.04.2010 - Nigeria: Prospects in Islamic banking's investment products
From Ngrguardiannews.com: Many may not be conversant with the practice of a banking system that prohibits the charging of interest, focuses on investment made in the private sector through interest-free financing, is built on Sharia principles, and not the least, the details of how securitisation and conventional insurance issues are handled using the Islamic banking model. Recently, major initiatives have gone out to aid Nigeria's participation in the financial world without violating Islamic principles and without bearing the economic penalty.............................................Full Article: Source
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