Home | News    Wednesday 14 November 2007

Banks body want talks on Islamic banks in southern Sudan

separation
increase
decrease
separation
separation

November 13, 2007 (KHARTOUM) — The Sudanese Bankers Association (SBA) called for talks with the concerned parties on the future of the Islamic banks in southern Sudan in order to reach an agreement to maintain their presence there.

Last April Othom Rago Ajak, Director for Banking at the government’s Bank of Southern Sudan indicated that Islamic banks operating in southern Sudan must either convert to conventional banking or leave.

According to the southern Sudan official the 2005 peace deal says the south will have its own conventional banking system, in parallel with the Islamic banking system operating in the mainly Muslim north.

However, the head of the SBA, Hatim al-Zubair, told AlRay Alam that the CPA stipulates the existence of the two systems in the country and through negotiations parties can find a solution.

Al-Zubair further said that besides talks with Juba they will seek to convince religious authorities to issue a Fatwa, an Islamic permission, allowing them to accommodate their activities with the conventional system in the south.

Whoever, the association insists on reaching a compromise, giving the Islamic banks the right to stay in the south without violation to the legislation and the Islamic religious prescriptions.

According to the head of Southern Sudan Bank, the Islamic banks will be notified a delay of four months to choose how to proceed and to comply with the decree.

(ST)

Comments on the Sudan Tribune website must abide by the following rules. Contravention of these rules will lead to the user losing their Sudan Tribune account with immediate effect.

- No inciting violence
- No inappropriate or offensive language
- No racism, tribalism or sectarianism
- No inappropriate or derogatory remarks
- No deviation from the topic of the article
- No advertising, spamming or links
- No incomprehensible comments

Due to the unprecedented amount of racist and offensive language on the site, Sudan Tribune tries to vet all comments on the site.

There is now also a limit of 400 words per comment. If you want to express yourself in more detail than this allows, please e-mail your comment as an article to comment@sudantribune.com

Kind regards,

The Sudan Tribune editorial team.
  • 15 November 2007 05:47, by Deng Thiak Adut

    I believed that the CPA had empowered South Sudan to discriminate against any bank. There’s no amnesty to seek fatwa in the South Sudan. It no surprise that this Islamist still stick their nose in the CPA which clearly spell out the authority of South Sudan banking power. We can make (south sudan) laws in any area covered in the CPA "with respect to anything" and to the point that we can discriminates Islamic Bank or foreign trades.
    We are not blind to see why Islamic back seek existence in the South. The South Sudan can not allow that happen.

    Political, and economically, there is no direct benefit that Southern Sudan can receives in returns for Islamic bank to carryout their business.



The following ads are provided by Google. SudanTribune has no authority on it.



Sudan Tribune

Promote your Page too

Latest Comments & Analysis


Why Sudan’s interests lie in U.S. delisting and normalization with Israel 2020-10-22 06:08:56 By: Trayo A. Ali How will the de-linking of the American process for removing Sudan from the State Sponsor of Terror (SST) list from its process of normalizing relations with Israel diminish (...)

No to calls for anti-peace protests 2020-10-22 06:07:08 By Mahmoud A. Suleiman Some traditional Sudanese political parties have grown old and are crying out to demand that the Sudanese people go out on October 21, 2020, in a major demonstration to (...)

The 21 October March: Who is the Enemy? 2020-10-21 05:52:11 By Yasir Arman One of the main features of the December revolution is its vitality and the broad participation of women and youth, resistance committees, martyrs' families, forces from the (...)


MORE






Latest Press Releases


Sudan: Performing arts is not a crime, assaulting women and artists is! 2020-09-20 08:54:28 The Strategic Initiative for Women in the Horn of Africa (SIHA) Sudan is still struggling with militant Islamist ideology KHARTOUM: Central Khartoum Primary Court issued a verdict against five (...)

Civil Society Statement in Response to The Law of Various Amendments 2020-08-14 07:11:00 A Collaborative Civil Society Statement in Response to The Law of Various Amendments (Abolishing and Amending Provisions Restricting Freedom) – Exposing ‘a wolf in sheep’s clothing’ Sudanese women (...)

Remarks by SRF leaders at the Friend of Sudan meeting on peace 2020-08-13 07:58:58 Chairman of the Friends of Sudan Conference, Your Excellency, Minister of Foreign Affairs of the Kingdom of Saudi Arabia, The Prime Minister of Sudan and the participating team from the (...)


MORE

Copyright © 2003-2020 SudanTribune - All rights reserved.