The financial jihad is coming to Africa.

Africa presents a high growth opportunity for Islamic banking products — more particularly in East and West Africa, given these markets are home to the largest number of Muslim residents. Nigeria has the largest Muslim population in Africawith around 80 million people. Across Sub-Saharan Africa, the number of Muslim residents is expected to grow by 37 per cent, to over 386 million by the year 2030, presenting valuable growth opportunities for Shariah-compliant banking products.



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