Islamic-style banking is on the rise worldwide, showing especially strong growth in Africa recently, according to the rating agency Moody’s
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 …
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