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
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