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Lack of Relevant Laws Constrains Growth in Islamic Finance Sector

Wed, 2011-04-20 10:05 — newsdesk

Because of the amplification of Islamic banking and insurance, banking and insurance regulators expect a new legislation that allows ompanies to invest in Sharia-compliant securities.
Kenya's first Islamic insurance firm, Takaful Insurance, was initiated 3 weeks ago. The first branch was opened in Eastleigh, Nairobi. That is why an absolute change is needed.

Source: 

http://allafrica.com/stories/201104180177.html

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