In Nigeria, the Islamic credit card is being offered by Nigerian banks in response to a large demand from the Nigerian Muslim community for a halal payment tool.
In Nigeria, the Islamic credit card is intended for a Nigerian Muslim population and the largest on the African continent who wishes to practice the principles of Islamic finance.
In Nigeria, the halal credit card did not exist very recently and the market remains dominated by the traditional credit card that applies interests which is contrary to Islamic sharia.
In Nigeria, the Islamic payment card offers in addition to the deferred payment of financial products such as Islamic travel insurance (Takaful).
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