Nigerian Times

So much noise is echoing over the planned introduction of Islamic Banking in Nigeria, but making the loudest noise does not mean you are making sense or wise. I have seen that the so called Nigerian Christians who are afraid of Islamic banking are just ignorant of the facts, because they have failed to read and research to find out the truth about Islamic banking. The notorious North versus South dichotomy destroying the stability and unity of our common sovereignty is now threatening the prospects of Islamic banking in Nigeria. It would be good if we separate politics from Islamic Banking and address the economic benefits to the masses of the Nigerian population. There is absolute nothing wrong with Islamic Banking and far from the misinformation of the Nigerian Christian clerics, it does not translate to the Islamization of Nigeria. Read the report on the Constitutionality of Islamic Banking by the University of Ilorin on http://www.unilorin.edu.ng/publications/abikan/CONSTITUTIONALI...

18 Jul 2011 03:00 Africa/Lagos Ethica Trains 100 American Imams in Islamic Finance DUBAI, UAE, July 18, 2011/PRNewswire/ -- Two Months of Rigorous, First Ever Islamic Finance Training Successfully Completed What does it take to bring 7 million American Muslims Islamic finance? Maybe training only 100 prominent religious leaders as a small first step. That is what the founding members of the American Islamic Finance (AIF) Project have now successfully accomplished. Jointly founded by Ethica Institute of Islamic Finance, Guidance Financial, and the Islamic Society of North America, the AIF Project seeks to promote standards-based Islamic finance among Muslim communities in North America. The training program began with an inaugural address by Mufti Taqi Usmani, chairman of AAOIFI (Accounting and Auditing Organization for Islamic Financial Institutions), the world's leading standard-setting body. Ethica's spokesperson said, "Muslims in America rely on their imams for all kind...