Banque Zitouna

Summary

Banque Zitouna is the first Islamic bank in Tunisia and the Maghreb, with capital of US$30 million, aiming to develop Islamic financing and savings products for businesses and individuals. ¹

Plans

At its opening it said it planned to grow by 20 branches a year and hoped to expand from Tunisia into neighbouring countries. ¹

References

English Wikipedia, "Banque Zitouna", revision 1359472045. ¹

Islamic banks and conventional banks — the difference, the doubts and the performance

The two 'Al-Wasatiyya' episodes on Islamic banks. In the first, 56% of the studio audience said they could not define riba, 79% that they knew nothing of the murabaha, mudaraba, tawarruq and salam contracts, and they split into thirds on whether Islamic banks are free of doubt; in the second, 65% chose to buy by murabaha from an Islamic bank, 57% thought abolishing riba impossible while the world economy runs on interest, and 49% judged Islamic banks' social role weaker. The guests agreed that conventional bank interest is riba and differed over the existing Islamic banks.

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Islamic banks and conventional banks — the difference, the doubts and the performance