29.01.2009 - Nigeria: Micro Bank offers Islamic compliant services
From Allafrica.com: The Kwara Commercial Micro Finance Bank is to offer interested customers Shari'ah compliant services. The bank which was officially commissioned in Ilorin yesterday under its Halaal loan and savings scheme intends to offer Islamic compliant financial services that prohibits interest (riba). According to the mission statement of the new bank, "KCMB works with its customers in a view of profit sharing (mudharabah), safekeeping (wudiah), leasing (ijarah), joint venture (musharakah) and capital venture (mudaraba).".... Full Article: Source
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