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Nairobi is not only a vivacious east African metropolis but is also a key driving force of development in the continent
Islamic-style banking is on the rise worldwide, showing especially strong growth in Africa recently, according to the rating agency Moody’s. This type of banking system doesn’t charge or pay interest, uses physical assets to underpin transactions, and does not invest in so-called “sin” industries like alcohol, pork and gambling. In South Africa, the continent’s financial …
Continue reading “Islamic Banking Grows in Africa Amid Booming Muslim Population”