FNBB Introduces Islamic Banking Unit.

(From Mmegi / The Reporter (Botswana) - AAGM)

Byline: Staff Writer

Following in the tracks of First Rand in South Africa, First National Bank of Botswana (FNBB) has become the first conventional bank in Botswana to introduce an Islamic banking unit.

The move, which would see mainstream religions talking between themselves, is expected to cater for those who follow the teachings of Islam.

The banking model is said to be growing worldwide and banks that follow suit are said to be making wise business decisions.

FNBB chief executive officer, Danny Zandamela, said that the move acknowledges the cultural diversity that the country has. …