FDH Bank plc has rolled out Islamic banking that will provide Shariah-compliant products and services managed separately through a special window from conventional banking. Islamic banking, also referred to as Islamic finance, is premised on two fundamental principles of Islamic banking, which entails sharing of profit and loss and the prohibition of the collection and payment of interest by lenders and investors. FDH Bank plc board chairperson Charity Mseka said on Wednesday in Blantyre that the roll out of Islamic banking services, the first in the country, is not just…
Malawi’s FDH Bank rolls out first Islamic banking window in the Country
