Audio By Carbonatix
Some Dubai-based Islamic financial institutions are said to have expressed an interest in setting up operations in the country.
Senior Director in Charge of Commercial services Atiq Juma Faraj Nasib tells Joy Business the banks, all members of the Dubai Chamber are hoping to satisfy the necessary regulatory approvals so they can gain entry into the market.
Islamic banks do not charge interests on loans but also forbid investment in areas such as alcohol production or promotion and gambling considered as Haram in Islam.
Mr. Nasib was speaking to Joy Business during a visit by a Ghanaian trade delegation currently touring a number of countries in the Middle East.
“Ghana is a very potential market for Islamic Banking. The Islamic Banking will find its place there. Keep in mind that you have also quite big number of Muslim inhabitants in Ghana," he said.
Source: Joy Business.com/Ghana
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
When Memory Dies: South Africa’s Convenient Amnesia
22 minutes -
MTN Ghana urges women to prioritise emotional wellness at Mmaa Nkomo event
28 minutes -
We will always stand by Ghanaians everywhere — Chief of Staff assures evacuees from South Africa
32 minutes -
“Don’t mess around with Ghanaians anywhere in the world” — Ablakwa warns
41 minutes -
KetaFC alleges bias and interference in Volta Regional Middle League protest
43 minutes -
Gov’t will always protect and support Ghanaians abroad – Ablakwa
1 hour -
“Don’t be depressed, have confidence” — Ablakwa encourages evacuees from South Africa
1 hour -
26 Ghanaian prisoners among first evacuees from South Africa — Ablakwa
1 hour -
Angry youth set properties ablaze after a shooting incident at Deti in Volta Region
2 hours -
GAUA-KNUST adopts a constitution, introduces electoral reforms
2 hours -
‘The Corporate Code’ launched to groom, nurture fresh graduates for corporate career
2 hours -
Man Utd closing in on £38m Ederson deal
2 hours -
Lands Minister spearheads 800-acre reclamation drive in Nkroful to reverse galamsey damage
2 hours -
Fernandez wants Chelsea exit but club would demand £120m
2 hours -
Ghana FA strengthens future of Black Stars with successful UK Talent Engagement Programme
2 hours