Wednesday, June 15, 2011

So ambitious Nigerian Sharia Center

Abuja - Governor of Central Bank of Nigeria, Mallam Sanusi Lamido, said that Nigeria has the potential to be Islamic financial hub of Africa. As reported by local daily Punch, he indicated a significant Muslim population figures plus a large population of Nigeria was one factor supporting this ambition.

''Moreover, Nigeria is now the economy has changed and become one of the investment destination country,''he said. ''Not this fantasy can be done?''

According to him, Islamic banking which do not allow the interest is also in accordance with the law in Nigeria. Although not yet commonly used, Mallam said the introduction of non-interest system would bring the country in a new market and new institutional players such as stock exchanges and investment manager of Islamic sharia.

''In the long run, this brings a chance to absorb the labor force,''he explained. He believes public money is not reached by conventional systems that can be absorbed by the sharia.

Source :
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