Islamic Banking: Metropolitan Law Firm roll out an endowment fund for indigent Nigerians The Metropolitan Law Firm has launched an endowment fund under the Islamic Banking guidelines to cater to the education of indigent Nigerians for basic to tertiary institutions. The fund, called Waqf, is an...

Islamic Banking: CAN Rejects Jaiz Bank’s Reconstruction Of Jos Terminus Market   The Christian Association of Nigeria (CAN) in Plateau State and a coalition of Plateau indigenous groups and other related organisations have called for the suspension of proposed work at the Jos main market (Terminus)...

Islamic Banking: FG Issues Another N100bn Sukuk For Road Construction, Infrastructure   The Federal Government has announced approval for the issuance of another tranche of N100 billion Sukuk bond for the construction of roads in Nigeria. This was disclosed at a Two-Day Training on Sukuk Structurisation and...

The executive directors of the International Monetary Fund have adopted a proposal to promote Islamic Banking (IB) due to its popularity in the global financial system. The board, at the end of its first formal discussion on IB, adopted a set of proposals on the...