Filter: africa
More financial products expected from banks
Users of commercial bank services can expect to get more and cheaper products such as insurance, after the Finance Minister Syda Bbumba indicated in the 2010/11 budget that she will allow banks to diversify their offerings like in developed markets.
Filed Under: News Articles
Kenya sees potential of Islamic banking
Kenya is considering allowing Islamic financial products as the east African country tries to tap into funding from the Middle East.
Filed Under: News Articles
Shariah Banks Are the Future
Kenya is angling herself to reap from the growing appetite for Islamic banking products by countries in East Africa as investors from the Gulf region show a renewed interest in the region.
Filed Under: News Articles
Minister Counsels banks on new Shariah finance
Commercial banks in the country need to disseminate knowledge that will overcome a negative banking perception by the Muslim community, minister for Finance and Economic Affairs Mustafa Mkulo has said.
Filed Under: News Articles
African Islamic finance faces image problem: banker
Africa's Islamic finance industry needs to overcome negative perceptions among non-Muslims to successfully expand into predominantly Christian sub-Saharan Africa, an industry leader said.
Filed Under: News Articles
CBK seeks to grow Islamic finance
The government is studying the Islamic finance model with a view to making the country competitive. Central Bank of Kenya says this form of finance is fast catching up.
Filed Under: News Articles
The Marrakech Express
Enchantingly sited at the foot of the High Atlas Mountains is Marrakech – one of the most exotic spots on the planet, and is the third largest city in Morocco after Casablanca and Rabat. The name Marrakech originates from Berber words which mean “Land Of God”, and here lies a reality not that far removed from a fantasy, with its two contrasting cities: the Medina (the historical city set within clay walls) and the Gueliz or Ville Nouvelle (the new European modern district). Walking through the intertwining narrow passageways of the Medina takes you on a journey filled with curiosity tinged with an air of authenticity in the midst of the cacophony of daily activities full of character. On the other hand, the Gueliz brings you back to the perks of modernity with fast food chains like McDonald’s and popular fashion outlets such as Zara and LaSenza.
Filed Under: Lifestyle >> Travel
Coral International Cape Town, first Halal Friendly Hotel to get a Crescentrating of “6â€
Coral International Cape Town, a Five Star Hotel in Cape Town, South Africa, is the first Hotel to get a Crescentrating of 6 for its Halal Friendly Services and facilities. Crescentrating is a rating standard which rates Hotels on a scale of 1 to 7 based on the services and facilities the Hotel provides to the Halal conscious travellers. Owned by Cii Hotel & Resorts Cape Town, a subsidiary of Cii Holdings, and managed by Coral Hotels & Resorts, Coral International Cape Town offers a fully Halal menu, an alcohol-free environment, rooms with Qiblah markings & Islamic TV channels. It also has its own Prayer room for the Guests on the Pool Deck level and Adhaan can be heard from the nearby mosques.
Filed Under: Lifestyle >> Travel
Groups task CBN on Islamic banking
Groups of concerned Islamic professional have appealed to the Central Bank of Nigeria (CBN) to expedite action on the proposed Islamic banking operations in the country.
Filed Under: News Articles