The Managing Director of Zenith Bank Ghana, Mr. Daniel Asiedu, has revealed Islamic banking (Interest-Free banking) may be introduced to the Ghanaian banking public in future.
There have been calls by some stakeholders for the bank of Ghana to consider introducing Islamic banking just like in Nigeria.
Under Islamic banking, a borrower only needs to pay back the amount owed to the bank, and the borrower can also choose to pay the lender a small amount of money to serve as a gratuity.
Speaking to Citi Business News, Mr. Asiedu said, “If it is a product that has done well in other economies, why not, maybe it could do well.”
According to the Zenith Bank MD, they will not discriminate and are here to serve the banking public hence any product that they see as useful will be deployed in Ghana.
He, however, said if it becomes possible Zenith Bank will introduce the interest-free banking in Ghana.
Meanwhile, the bank in celebrating seven years in the Ghanaian banking industry and as a socially responsible financial institution organised a health walk over the weekend for staff and clients. The walk saw both staff and customers of the bank walk within the East Legon environs.
The MD said “our focus remains to make you our customers, the reason for our existence. We will continue to keep abreast with business trends, introduce unique products, branch out to increase accessibility and price our services competitively to delight our customers.”
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