Filter: africa
Islamic banking, panacea to global meltdown
Islamic fund has been declared as the only resilience alternative in the face of global meltdown as the returns from the Islamic financial institutions throughout the world in 2008 were in the region of $600 billion.
Filed Under: News Articles
CBN governor canvasses for Islamic banking in Nigeria
The Governor, Central Bank of Nigeria (CBN), Sanusi Lamido Sanusi has tasked Muslims in Nigeria to come up with suggestions and strategies that would assist the CBN to provide a conducive and enabling environment for Islamic banking in the country.
Filed Under: News Articles
Islamic Banking Market worth N4 Trillion
Managing Director of Jaiz International Plc, Alhaji Mohammed Bintube says Nigeria's Islamic banking market is worth around N4.35 trillion (US$27.7 billion), Daily Trust reports.
Filed Under: News Articles
CBK urged to set policies for Islamic banks
The Central Bank of Kenya should set up a Central Sharia Supervisory Authority to oversee Islamic banking in Kenya. According to Mr Ali Mohamed a Sharia auditor from Qatar, the authority should have the duty of setting up policies on Islamic banking in Kenya.
Filed Under: News Articles
Islamic Banking in Africa
Islamic banking, once regarded as an exotic but not very practical system and consigned to the outer fringes of the global industry, is now moving steadily into conventional banking and attracting attention from its non-traditional base. The fact that it eschews charging interest on loans has made it appear the perfect antidote to the excessive greed that characterised conventional banking and led to the current financial crisis. In short, Islamic banking, with its emphasis on ethics and its employment of capital solely as a factor of production rather than as a means of gain, is now the politically correct banking system.
Filed Under: News Articles
Nigeria: Islamic Halal Fund Lists on NSE
Lotus Capital has announced the Memorandum listing of its Islamic Halal Investment Fund on the Nigerian Stock Exchange (NSE).
Filed Under: News Articles
Still waiting for Islamic banking
During his screening before the nation’s senate, Lamido Sanusi, the new Central Bank governor said of Islamic banking: “It is important we make sure that people don’t say they are offering Islamic banking while they are actually running conventional banking.
Filed Under: News Articles
Tunisia: Tunis Financial Harbour master plan unveiled
His Excellency Zine El Abidine Ben Ali, President of Tunisia laid the foundation stone for North Africa’s first offshore financial centre at a ceremony held Friday. Situated in Tunis Bay, Tunis Financial Harbour (TFH) is the brainchild of leading Middle Eastern Islamic investment bank Gulf Finance House (GFH) and will play host to some of the world’s leading names in finance, advisory and support services at a strategic crossroads between the European, North African and Middle Eastern markets.
Filed Under: News Articles
Sookh and ye shall find
A deli-style Halal butchery is a welcome addition to Joburg’s northern suburbs. Hilary Biller checked out its offerings.
Filed Under: Reviews >> Restaurant & Foodservice