Lack of relevant laws constrains growth in Islamic finance sector

With Islamic banking and insurance gaining ground in the country, there are calls for new legislation by banking and insurance regulators to enable the companies to invest in Sharia-compliant securities.

Saturday April 16 2011

File | NATION Hassan Bashir, the chief executive officer of Takaful Insurance, during the launch of his company, the first Islamic insurance company, in January this year.

File | NATION Hassan Bashir, the chief executive officer of Takaful Insurance, during the launch of his company, the first Islamic insurance company, in January this year.  

By Kaburu Mugambi [email protected]
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