Islamic finance: Nigerian central bank reveals shape of advisory body

Governor Godwin Emefiele

Nigeria's central bank has published guidelines for an advisory body on Islamic finance that will be responsible for "endorsing" new products and services in the industry.

Nigeria is home to around 80 million Muslims, the largest number in sub-Saharan Africa, as well as one of the fastest-growing economies on the continent. Yet the Islamic finance industry remains small.

Under Sanusi Lamido Sanusi, the Central Bank of Nigeria began working on a regulatory framework for Islamic banking to help

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: