Nigeria, a country wracked by Jihadist violence in recent years, is poised as a growth market for the financial jihad.

The West African nation plans to license at least two Shariah-Compliant financial institutions this year. In addition, three non-Islamic banks have expressed interest in opening Shariah-compliant “windows.”

Nigeria also signed an agreement with Malaysia’s central bank to cooperate in “Islamic” financial services.

Nigeria is Africa’s top oil producer and home to about 77 million Muslims.

http://gulfnews.com/business/banking/nigeria-to-boost-sharia-banking-1.779952

 

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