
Central Bank of Nigeria
Draft Guidelines on the Regulation and Supervision of Non-interest (Islamic) Microfinance Banks in Nigeria
- Author
- Central Bank of Nigeria
- Year
- 2013
- Pages
- 45 pages
This guideline establishes minimum operating and supervisory standards for non-interest Islamic microfinance banks in Nigeria. It addresses their legal framework, Islamic jurisprudence oversight through an Advisory Compliance Expert, product validation, Shari’ah compliance procedures, licensing and restructuring requirements, supervision of deposit-mobilizing institutions, licence revocation grounds, exit…