Comment & Analysis
Islamic Finance
Retail Banking
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Cameroon bets on Islamic financing to boost financial inclusion and attract Middle Eastern investors
In Cameroon, only one bank (Afriland First Bank) and three microfinance institutions, out of the 53 banks and nearly 500 microfinance institutions approved in the country, practice Islamic financing. Yet, the appropriation of this type of financing, based on the equitable distribution of wealth and the prohibition of profit, can…
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