* Largely untapped market of over 80 million Muslims * Use of Islamic banking windows set to increase * Much of regulatory framework now established * First sukuk may come soon * Short-term liquidity management products under development Nigeria is gradually opening up to Islamic finance, a move that could […]
Tag: Islamic Banking
IMF Rally Support Arab World on Islamic Banking, Sukuk Market
By Peter OBIORA InvestAdcocate Lagos (INVESTADVOCATE)-The International Monetary Fund (IMF) has rallied support the Arab World on Islamic Banking by orgnanising a Regional Workshop on building an enabling environment for Islamic Banking and development of the Government Sukuk Market. This is contained a Statement Thursday from the IMF and made […]
Jaiz bank to raise N8bn for licence
Shareholders of Jaiz Bank Plc has given approval to the proposal of the board to raise fresh N8bn for a national banking licence. Jaiz is the first bank to fully commence Islamic Banking operation, following the adoption of the non-interest banking model by the Central Bank of Nigeria. The non-interest […]
