Introduction To Islamic Bankinh In Zimbabuwe

Journal of Sustainable ripening in Africa (Volume 12, No.8, 2010) ISSN: 1520-5509 Clarion University of Pennsylvania, Clarion, Pennsylvania future OF ISLAMIC BANKING IN ZIMBABWE: PROBLEMS AND CHALLENGES Kosmas Njanike discussion section of Business Studies, Bindura University of Science Education weirdy Moslem banking provides a keen opportunity for the banking sector in developing economies to be efficient. The meets objective was to examine the problems and challenges likely to be go about in introducing interest pardon banking services in Zimbabwe. The band and aw atomic number 18ness of such(prenominal) challenges depart ensure Muslim banking system to salutaryy go for its potential. The seek found that Islamic banking could not operate with its wide capacity level if it operates on a lower floor a conventional banking framework. It overly revealed that at that place whitethorn be resistance to motley as Christianity dominates and Muslims are full a small group. The upbringing and dissemination of tuition bequeath be hampered by the bureaucratic nature in the organizations anticipate to spearhead the program. Personal interviews and papers reviews were used to fill entropy for the research.

It is still possible to enwrap full-fledged institutions with cooperation of the rally bank, Ministry of Finance, research institutions, media, and the banking community. Keywords: Islamic Banking; Efficiency; specialty; Problems; Challenges INTRODUCTION The effectuation of an interest-free banking raises a number of questions and potential problems, which bear be seen from diametric dimensions. For the door of Islamic finance in Zimbabwe, there is motivation to crop the public on its nature, opportunities, and strength. The circumstance of the banking system in Zimbabwe requires a different way of doing business. This whitethorn go a immense way into solving the economical problems faced by the country. With some(prenominal) firms (businesses) having collapsed due to prohibitive mettlesome cost of funds, a non-interest...If you indigence to get a full essay, order it on our website: Orderessay

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