Zambia Taps into Islamic Finance

01-31-2010, 11:59 AM

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Zambia Taps into Islamic Finance

Zambia Taps into Islamic Finance

Zambia is tapping into the thriving Islamic finance industry by formulating guidelines for Shari`ah-compliant banking services for the first time, with bankers expecting the move to accommodate Muslim clients and help the economy of the Southern African country.
"The guidelines are intended to provide a broader framework for conducting Islamic banking services in the country," Bank of Zambia Governor Dr. Caleb Fundanga told IslamOnline.net.

Read more: http://www.islamonline.net/servlet/S...#ixzz0eD5nWmxT

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