Tagged: National Bank of Ethiopia

East Africa catching up with Islamic finance

East Africa catching up with Islamic finance

The perceived sustainability and attractiveness of Islamic finance as an alternative financial management model in a post global financial crisis continues to flourish in new regions and countries trying to change banking regulations and laws to facili…

Islamic Banks to enter financial sector in Ethiopia

Islamic Banks to enter financial sector in Ethiopia

Finally responding to a strong public demand, the National Bank of Ethiopia (NBE) is about to approve a directive that paves the way for the establishment of Islamic banks. The directive also opens doors for currently operational commercial banks to cr…