Policy & Regulation
Islamic Finance Sector Can Catalyse Nigeria’s Economic Recovery
Risk-and-return sharing gives Islamic finance a different profile through a downturn, according to NIFIAN’s then-President Hassan Usman.
Given the current state of the global economy amidst the pandemic, the concepts of risk and return sharing in Islamic finance can boost business and economic revival, according to Hassan Usman, Managing Director of Jaiz Bank (Nigeria) and President of the Non-Interest Financial Institution Association of Nigeria (NIFIAN).
Why it matters
- Islamic finance in Nigeria is growing in double digits and can serve as an accelerator or catalyst to the development of Nigeria’s financial economy.
This is a summary post. The full article was published externally by Islamic Markets. Read the full article →
Source. Originally published by NIFIAN at nifian.org/islamic-finance-sector-can-catalyse-nigerias-economic-recovery-and-development-of-the-financial-economy-nifian on 26 September 2024. Reproduced here as part of the site migration.
