Ghana at the threshold of a new financial era: What non-interest banking could mean for the economy

If properly implemented, non-interest banking could bring new customers into the financial system, strengthen competition among banks, expand investment choices, create a domestic non-interest bond (Sukuk) market, support infrastructure financing, deepen the insurance sector, encourage the development of investment funds and create new professional opportunities.

It is opening the door to a global financial industry that has grown into a multi-trillion-dollar ecosystem, with increasing relevance to banking, capital markets, insurance, investment management, infrastructure financing and financial inclusion.

These figures demonstrate that the global non-interest finance industry is no longer dependent on banking alone; capital markets, insurance and investment funds are becoming increasingly important engines of growth.