Syria’s embryonic Islamic banking sector is up and running. In late 2007 the country’s first two sharia-compliant banks opened to the public and a further five have received preliminary licenses …
Category:
Islamic Banking & Finance
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With Islamic banking gaining momentum throughout the Middle East, questions about its regulatory framework are increasingly asked. Executive interviewed Dr. Ahmad Jachi, First Vice-Governor of the Central Bank of Lebanon …
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Until 1956 Sudan was a British colony, and its banking system was designed in the English style. The first foreign bank branch operated in Sudan was the National Bank of …
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Launched with great pomp in Morocco in October 2007, Islamic banking and financial products have come to satisfy the increasing demand of some Muslim customers after Bank al-Maghrib, the country’s …
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Islamic banking and finance has clearly found its home in the Gulf. The region leads the industry by housing two thirds of global assets, worth roughly $350 billion. Also, the …
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The oil boom sending Arab financial markets into frenzy has generated worldwide interest in Islamic finance. But this relatively nascent segment is in much need of a new breed of …
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The Islamic banking sector’s phenomenal growth in recent years has not been universally welcomed. Among some powerful and influential circles in the West, particularly the United States, there is an …
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Assets managed within Islamic banking and finance are massive and growing rapidly in both monetary and geographic terms. In Sudan, Saudi Arabia, Iran and Malaysia, Islamic banking is the premier …
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According to IMF estimates, by the end of 2005 there were more than 300 Islamic financial institutions in the world. Like other countries in the Arab region, Jordan seems to …
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Abroad overview of the Islamic financial world shows that the phenomenon truly is global. From its humble beginnings in the Middle East of the 1950s, the sector has grown into …
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