Banking
July 23, 2020
IFN Daily Update: CBN Launches New Non-Interest Finance Schemes for Its Intervention Programmes

 

One of the opportunities the Non-Interest Finance market brings to emerging economies like Nigeria is the ability to catalyze socio-economic development and for the nation amidst the challenging COVID-19 Pandemic.

 

This edition of Islamic Finance Daily Update anchored by Bukola Akinyele captures the latest report that the Central Bank of Nigeria has launched new non-interest finance guidelines for Islamic Financial Institutions  and its intervention programmes in the country.

 

The schemes include Non-interest Guidelines for the Accelerated Development Scheme, Non-interest Guidelines for Intervention in the Textile Sector; Guidelines for the Operations of the Agri-Business, Small and Medium Enterprise Investment Scheme, Guidelines for MSME Development Fund for non interest financial institutions, Non-interest Guidelines for Non-oil Export Stimulation Facility; Non-interest Guidelines for Anchor Borrowers Programme and Non-interest Guidelines for Real Sector Support Facility Revised Guidelines.

 

Others are Non-interest Guidelines for the operation of the Credit Support for the Healthcare Sector; Modalities for the implementation of the Creative Industry Financing Initiative (Non-interest version); Non-interest Guidelines for the implementation of the N50 billion Targeted Credit Facility.

It also brings to viewers the story on a US based Sharia Compliant App that was launched recently.

 

Watch Video Courtesy WebTVng

 

Related Videos from WebTV

1.        IFN Daily Update: Dubai External Food Trade Hits $8.7bn in H1,2020

2.       IFN Daily Updates: FGN N162.557bn Sukuk Bond To Be Deployed For 44 Road Projects in Nigeria

3.       IFN Daily Update: NZF To Develop Zakat Standards for Its Member Organization

4.       Islamic Finance Provides an Alternative Financing Model to Support Nigeria's Post COVID-19 Economic Recovery - Gori Olusina Daniel

5.       CBN Unveils Guidelines for Non-Interest Finance Institutions and 7 Intervention schemes


 

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