b_179_129_16777215_00_images_Currency.jpegABIDJAN, Ivory Coast — It works like this: No interest on investments, but the borrower and the lender share the risk and split the returns. This growing form of banking, known as Islamic finance, is now making significant headway into Africa, one of the fastest-growing regions in the world.

In fact, proponents of Islamic banking are touting this alternative to classic Western financial practices as a better way to help Africa improve roads, develop state-of-the-art health care systems and create a massive middle class to address some of the issues hindering growth.


Read more at The Washington Times

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