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Standard Bank seeks to bridge the SME funding gap with this innovative product

PUBLISHED: Thu, 20 Feb 2020 16:14:24 GMT

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Muslim-owned businesses are estimated to contribute as much as 10% to South Africa’s GDP. This could grow exponentially if they had better access to working capital. The biggest stumbling block to them accessing capital has been a lack of Shari’ah-compliant products on the market. Joining CNBC Africa for more is Ameen Hassen, Head of Shari’ah Banking at Standard Bank….


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