The payment will boost banks’ financial stand and avert collapse
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The reduction in benchmark interest rate will motivate lending
This potential is mainly supported by the CIMA organisation
Deposits over Ksh200,000 will get 10 per cent maximum
Mobile money is transforming lives
The customer will use his mobile phone as a payment medium
Investors now pay back loans at increased cost due to new exchange rate.
This will enhance SMEs international trade
A new report by the central bank highlights the progress of this method of financing.
It has signed an agreement with AlHuda CIBE to ensure the success of takaful in the country.
The debut Islamic bonds will enhance participative banking in Morocco
Islamic finance could benefit from an 80 million-strong untapped market of unbanked Muslims.