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<p>By Yusuf Danjuma Yunusa</p><div class="8gPorHmH" style="clear:both;float:left;width:100%;margin:0 0 20px 0;"><script async src="https://pagead2.googlesyndication.com/pagead/js/adsbygoogle.js"></script>

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<p>The Bank of Ghana has appointed Professor Bashir Aliyu Umar, a distinguished Islamic scholar from Nigeria’s Bayero University, Kano (BUK), as chairman of its newly constituted council for interest-free (Islamic) banking operations.</p>
<p>Governor Johnson Pandit Asiama formally inaugurated the council members during a brief ceremony in Accra. Professor Umar, a seasoned lecturer in Islamic studies at BUK, will lead the body in ensuring that Ghana&#8217;s non-interest banking sector operates in full compliance with Sharia law and its associated ethical principles.</p>
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<p>The appointment marks a significant step for Ghana’s financial sector, underscoring the central bank&#8217;s commitment to diversifying its banking landscape amid the rapid global expansion of Islamic finance.</p><div class="p19U1cqE" style="clear:both;float:left;width:100%;margin:0 0 20px 0;"><script async src="https://pagead2.googlesyndication.com/pagead/js/adsbygoogle.js"></script>

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<p>Umar’s selection also highlights the increasing reliance on expert scholarly oversight to maintain regulatory integrity and religious adherence within this growing alternative banking model.</p>
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