Islamic banking

IMF draws attention to developing Islamic Banking

Islamic Banking has a presence in 60 countries. The industry mushroomed to more than $1.5 trillion in assets last year from about $100 billion in the late 1990s. While it represents less than 2% of global banking assets, its share is …

Iran contributing to Islamic banking system

Governor of the Central Bank of Iran (CBI) Valiollah Seif underlined that Iran has greatly helped to the development of the Islamic banking system by basing its financial activities on Sharia law model. "Iran has …

Russia's first Islamic banking center opened in Kazan

Russia's first center of partnership (Islamic) banking was opened today in Kazan. It will operate in full compliance with the principles of partnership funding, which are widely used in many countries of Southeast Asia and the Middle …

Islamic bank to be opened in Chechnya

The head of Chechnya, Ramzan Kadyrov said today that the main topic during the talks with the leaders of the Mazcorp company, Hilal Rashid Helal Suhailom Almazroueem and Wael Saab, was the opening …