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Sharia-Compliant Banks Lose Ground as Interest-Free Windows Sweep the Market

May 10 , 2025
By Aminu Nuru

Global Islamic finance, rooted in the prohibition of interest (riba), risk-profit sharing, asset backing, and socially responsible investment, grew to roughly 3.1 trillion dollars last year, growing by about 10pc annually. Sadly, Ethiopia's experiment with fully-fledged Islamic (Sharia-compliant) banking has fallen sho...

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