Director / Editor: Victor Teboul, Ph.D.
Looking inside ourselves and out at the world
Independent and neutral with regard to all political and religious orientations,® aims to promote awareness of the major democratic principles on which tolerance is based.

Islamic Banking Grows in Africa Amid Booming Muslim Population

Share this article
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 hub, Islamic banking is gaining popularity among the minority Muslim community. VOA’s Anita Powell reports in...

Read complete article
© Voice of America -

Follow us on ...
Facebook Twitter