Islamic finance: Nigerian central bank reveals shape of advisory body
Financial Regulation Advisory Council of Experts will be responsible for approving new products
Nigeria's central bank has published guidelines for an advisory body on Islamic finance that will be responsible for "endorsing" new products and services in the industry.
Nigeria is home to around 80 million Muslims, the largest number in sub-Saharan Africa, as well as one of the fastest-growing economies on the continent. Yet the Islamic finance industry remains small.
Under Sanusi Lamido Sanusi, the Central Bank of Nigeria began working on a regulatory framework for Islamic banking to help
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