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Bullion

Keywords

Non interest banking, Banking, Islamic finance

Abstract

The concept of Islamic finance is a new phenomenon in Nigeria. At present there are over 300 Islamic Banks that are operational throughout the world. Like conventional banks, Islamic banks also needs funds to operate its banking activities.This paper explores the sources and application of funds in non-interest banking regime. Sources of funds to include deposits, deposits from other Islamic banks, banks equity, Islamic investment funds and placement from bank treasury.

Publication Title

CBN Bullion

Issue

3

Volume

35

Included in

Finance Commons

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