Mainstreaming Non-Interest Banking & Finance in Ghana

All-inclusiveness re-echoed… As maiden virtual National Dialogue holds By: Mohammed A. Abu Accra/Panelists drawn from diverse faiths, professional and academic backgrounds from Ghana, Nigeria and Kenya have re-emphasized that, non-interest Banking and Finance (NIBF) in Ghana otherwise termed as “Islamic Banking & Finance” in other jurisdictions, is about offering an alternative all-inclusive ethics driven financing mechanism for economic development not about religion per say, and which is going to be accessible to all Ghanaians irrespective of their religious persuasions. They were also unanimous about the catalytic role it could play…

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Revitalizing Zakat, Waqf,the non-interest social financing tools

For combatting poverty, unemployment, meeting the SDGs Story: Mohammed A. Abu Accra/Ing. Muhammad Lawal Maidoki (Sadaukin Sakkwato), National Chairman, Azawon, Deputy Secretary General, of the World Zakat and Waqf Forum, has made a clarion call for the revitalization of the two non-interest social financing tools of Zakat (the poor rate) and Waqf(endowment) and their alignment with national development plans, the SDGs, and ESG frameworks. The call is being made against the background of UNICEF Nigeria Child’s 2025 report that states that, 18.3M children are out of school,2.2m unvaccinated,4.9M need urgent…

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