IslamicFinance.de

Felix Dela Klutse reported in Daily Guide on 10 April that an Islamic bank is planned in Ghana by the end of the year.

Professor Thomas Kubi is a promoter of the bank and gave an interview to CITY&BUSINESS GUIDE in Accra, Ghana. According to this the bank would be offering corporate banking, housing finance, car finance, retail banking products and other permissible services. The Ministry of Finance and the Bank of Ghana, which is the regulator of the country’s banking industry, had agreed in principle for the setting up of the bank in the country.

He further disclosed that an international Shariah advisory firm, Dar Al Istithmar, in collaboration with his outfit, MCA International Consult, had already prepared a proposal outlining the strategy to introduce Islamic banking to the country.

Source: http://www.modernghana.com/news/162238/1/Ghana-welcomes-islamic-bank