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- Title
ISLAMIC BANKING Sharia Compliant Products Demanded.
- Abstract
The article reports on the trends in international banks. The Islamic banking is increasingly popular in the Middle East for offering banking products, like sharia compliants, that comply with the Islamic faith dogmas. Gulf African Bank is the first sharia compliant bank in Kenya which is owned by a consortium that comprises of PTA Bank, International Finance Corporation (IFC), Istithmar, and Bank Muscat International (BMI). Moreover, the Platinum Habib Bank (PHB) is expected to offer sharia compliant products.
- Subjects
ISLAMIC finance; INTERNATIONAL banking industry; ISLAMIC law; INTERNATIONAL finance; GULF African Bank (Company); BANK Muscat International BSC; EASTERN &; Southern African Trade &; Development Bank (Company); ISTITHMAR World PJSC; PLATINUM Habib Bank (Company); INTERNATIONAL Finance Corp.
- Publication
Africa Research Bulletin: Economic, Financial & Technical Series, 2007, Vol 44, Issue 6, p17444
- ISSN
2053-227X
- Publication type
Article
- DOI
10.1111/j.1467-6346.2007.01046.x