What are the likely challenges an Islamic Bank may Face in Ghana?

In a yet to be released publication, conducted by IFRIG Ghana, a research firm in Accra, it reveals that 36% of Ghanaians view Human Resource as a challenge that Islamic Banking may face when introduced in Ghana. The report further shows that 27% of Ghanaians view Legal constraint as one of the challenges confronting the introduction of Islamic banking in Ghana Upcoming Publication to Be Released Soon.

Meeting with Sheikh Armiyao Jibreel (Al Huda)

Date:- 03/03/2020 (Rajab 08, 1441) Introduction and Purpose of visit by Ali Shaibu. Sheikh briefed us on their attempt to bring in investors who already had Islamic financial institutions running in South Africa and UK and were willing to establish an Islamic financial institution in Ghana. He touched on how a brother with banking knowledge came on board through their recommendation, only to later come and destroy everything they had done. But, Alhamdulillah, he believed Read more…

IFRIG FIRST STAKEHOLDERS’ MEETING

IFRIG STAKEHOLDERS’ MEETING Date: 29/02/2020 (Rajab 05, 1441) Venue: Cantonments Police Mosque, Accra AGENDA Meeting started at 4pm 1. Current status of IFRIG by Director of Research, Ali Shaibu. Introduced IFRIG as a subgroup under Ghana Islamic Bank Ideas (GIBI), mentioning its CORE FUNCTIONS and STRUCTURE, then touching on the Acquisition of Office Space and finally on the Institute’s WEBSITE which is up and running 2. Data Collection Status by Brother Shaban who indicated that Read more…

Introducing Islamic banking in Azerbaijan ready

The platform for introducing Islamic banking in Azerbaijan is ready, said Orkhan Mammadov, chairman of the board of Azerbaijan’s Agency for the Development of Small and Medium-sized Enterprises (SMEs). Mammadov made the remark at a press conference by Azerbaijan’s Ziraat Bank dedicated to Azerbaijani-Turkish cooperation in the development of small and medium-sized enterprises (SMEs), Trend reports from the event Feb. 27. Mammadov noted that in this direction, the Azerbaijani government has set certain tasks for Read more…