posted by Christopher W. Holton Efforts by the Bank of Ghana to encourage the establishment of an Islamic bank have been dashed as the provisional license that was granted to a Saudi Arabia-based financial institution is withdrawn. Joy Business is learning that the central bank withdrew the license it gave to Makkah after the company […]
The central bank of Ghana says it will consider granting a license for Shariah-compliant banking…meanwhile, Shariah finance is running into understandable resistance in neighboring Nigeria… But the introduction of Islamic banking in Nigeria is bringing some divide within the country’s religious (both Christians and Muslims) leaders.A Voice of America (VOA) report July 15, 2011 indicates […]
Ghana is the latest country to embrace Shariah via the financial trap door and, not surprisingly, the industry is being touted as “interest-free” implying they loan out free money, which couldn’t be further from the truth… http://www.myjoyonline.com/business/2014/March-25th/interest-free-islamic-banks-to-heighten-competition-in-ghanas-banking-sector.php
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