The Non-Interest Finance Market apart from its role as an alternative source of investments that supports sustainable development has high value for corporate governance. Since the 2008 financial crisis, Corporate governance has been given top priority in stabilizing the global financial system.
This edition of the Islamic Finance Weekly anchored by Bukola Akinyele-Yisau features the Managing Partner, Metropolitan Law Firm, Mrs. Ummahani Amin. She stressed the importance of Corporate Governance in an organization and how the NFIs makes it their priority in their financial transactions and contract.
In her presentation, Ummahani explained that key regulators like the Central Bank of Nigeria, Securities and Exchange Commission, National Insurance Commission, and the National Pension Commission have provided guidelines for non-interest finance operations.
According to her, corporate governance holds individuals to higher standards and also aligns with sharia principles, which encourages businesses to conduct their activities in a sustainable and ethical manner.