Thursday, July 21, 2011

Nigeria : Islamic Banking given the green light

Snapshot Summary
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. Nigeria : Islamic Banking given green light
. Charges apply for withdrawal above certain limit.
. Electronic transfers/EFTPOS encouraged
. Basically the government is locking the funds within the system
. Encourage spending.
. Encouraging use of funds by institutions.
. Eg Insurance.
. Encouraging Liquidity within the system

http://234next.com/csp/cms/sites/Next/News/National/5734868-146/reps_back_sanusi_on_islamic_banking.csp

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