Sudan to Permit Non-Islamic Banking as It Rebuilds Global Ties

Sudan Permits Non-Islamic Banking as It Rebuilds Global Ties
Bloomberg
2 hrs ago
© Bloomberg
Pedestrians walk down a main street in Khartoum, Sudan.
(Bloomberg) -- Sudanese authorities approved laws to permit non-Islamic banking as the African country seeks to reintegrate with the global economy.
The changes will allow for a dual system of both Islamic and non-Islamic banking, the Sovereign Transitional Council, part of the administration ruling Sudan since dictator Omar al-Bashir was ousted in 2019, said in a statement.
Bashir, who’s currently facing trial for the coup that brought him to power, espoused a form of Islamist governance during three decades in office and became a pariah in the West for his government’s human-rights violations and links with militant groups. Sudan is currently battling an economic crisis that drove inflation to over 340% last month.

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