In Africa, where we have seen increasing conflict between Jihadists and Christian populations, Christian leaders are beginning to object to the influence of Shariah banking…
The decision by the World Bank Group to push for Islamic banking as a more sustainable alternative to conventional banking practices has met opposition from some Christian leaders, who argue that the move could increase religious violence in countries whose population is almost evenly divided between Muslims and Christians.
Many Christian delegates at the just-ended 2015 World Bank/IMF Spring meeting in Washington DC, USA told Business Day that promoting Islamic finance at a time when security forces across the globe are battling Islamic fundamentalists could be dangerous to the world economy at large.
Bishop Fred Anyansi from Nigeria stated: “We have too many religious tensions in terms of Islam against Christians. The policies for Islamic banking are good in the sense where there is no loan and interest. But what we are trying to say is that the world is not mature for it now.”