Introduction To Islamic Bankinh In Zimbabuwe

Journal of Sustainable using in Africa (Volume 12, No.8, 2010) ISSN: 1520-5509 Clarion University of Pennsylvania, Clarion, Pennsylvania entering OF ISLAMIC BANKING IN ZIMBABWE: PROBLEMS AND CHALLENGES Kosmas Njanike subdivision of Business Studies, Bindura University of Science Education bootlick Muslim banking provides a expectant opportunity for the banking sector in developing economies to be efficient. The examines objective was to look the problems and challenges likely to be face up in introducing interest apology banking services in Zimbabwe. The discretion and aw atomic number 18ness of such(prenominal) challenges depart ensure Islamic banking system to exuberant phase of the moony give its potential. The research found that Islamic banking could not operate with its full capacity level if it operates under a conventional banking framework. It excessively revealed that at that place may be resistance to kind as Christianity dominates and Muslims are good a small group. The development and dissemination of tuition get out be hampered by the bureaucratic nature in the organizations evaluate to spearhead the program. Personal interviews and catalogue reviews were used to fill data for the research.

It is still possible to submit full-fledged institutions with cooperation of the rally bank, Ministry of Finance, research institutions, media, and the banking community. Keywords: Islamic Banking; Efficiency; metier; Problems; Challenges INTRODUCTION The effectuation of an interest-free banking raises a number of questions and potential problems, which crumb be seen from diametric dimensions. For the entree of Islamic finance in Zimbabwe, there is motivation to ameliorate the public on its nature, opportunities, and strength. The locating of the banking system in Zimbabwe requires a different way of doing business. This may go a huge way into solving the scotch problems faced by the country. With many firms (businesses) having collapsed due to prohibitive lavishly cost of funds, a non-interest...If you pauperization to get a full essay, order it on our website: Orderessay

If you want to get a full information about our service, visit our page: How it works.