Putting AAOIFI and non-interest finance in proper context
Public debates are often most heated when technical policy questions are misunderstood. In recent weeks, Nigeria’s discussion around the integration of AAOIFI standards into the national financial reporting framework for non-interest financial institutions has generated noise that says more about fear than fact. This is unfortunate, because what is at stake is not religion or politics but transparency, market confidence, and regulatory order in a financial system that has evo
