Monday, May 15, 2017

Islamic finance in Europe (58)

Continuation
The chronology of institutional development of Islamic finance has intrudused by the author as follow:
Establishment of Islamic banks and institutions: a brief historical perspective
1960-1970 years:
Mit Ghamr Lokal Savings Bank - Egipt (1963)
Lembaga Tabung Haji - Malaysia (1963)
1971-1980 years:
Naseer Social Bank - Egipt (1971)
Al-Manah Islamic Investment Bank - Philippines (1973)
Islamic Development Bank – Jeddah (1975)
Dubai Islamic Bank – Dubai (1975)
Faisal Islamic Bank – Sudan (1977)
Kuwait Finance House – Kuwait (1977)
From the research paper of European Central Bank

(Authors: F.Mauro, P.Caristi, S.Couderc, A.D.Maria, L.Ho, B.K.Grewal, S.Masciantonio, S. Ongena and S.Zaher)

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