Close ad

Sudan will have dual system for Islamic and non-Islamic banking : Central bank governor

Reuters , Sunday 21 Feb 2021

'In Sudan there was the Islamic system for banks only, but there will be the traditional banking system and we invite international banks and major exchange companies to work in Sudan,' said Mohamed al-Fatih Zainelabidine

Central Bank
FILE PHOTO: In this July 24, 2011, file photo, Sudan's new currency sits behind a window at the central bank in Khartoum, Sudan. (Photo: AP)

Related
Sudan sharply devalues currency as it aims for debt relief
Sudan inflation tops 300% as economic crisis deepens
Sudan's new Cabinet sworn in amid protests over dire economy

Sudan's central bank governor said on Sunday authorities had decided on a dual system for Islamic and non-Islamic banking as the country seeks to attract international banks and exchange houses.

"In Sudan there was the Islamic system for banks only, but there will be the traditional banking system and we invite international banks and major exchange companies to work in Sudan," said Mohamed al-Fatih Zainelabidine.

Short link:

 

Also In Region

# Syria's new govt says to suspend constitution, parliament for three months
# 🔴 LIVE UPDATES: Israel orders residents of 2 Syrian towns to evacuate: Sky News Arabia
# American who crossed into Syria on foot is free after 7 months in detention
# America's closest ally in Syria losing ground as new order takes shape
# Syria has opportunity to 'turn the page' on human rights: HRW
# Iran Guards say to act on new 'realities' in post-Assad Syria
# Israeli forces pull out of first Lebanese border town as part of ceasefire
# Turkey says Ethiopia, Somalia reach compromise deal to end feud
#