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Islamic Finance Briefing - Categorized | Banking, Market Moves more

Shariah banking ‘creates unique partnerships’

Posted on 20 April 2012

Starting operations in 1992, Al Baraka Bank Lebanon became the first Islamic Bank in the country to work under the rules of Fiduciary Contract Law Number 520 – dated June 6, 1996 – in full compliance with Islamic Sharia.
When the Lebanese Parliament decreed the Islamic banking law in 2004, the bank became a fully fledged Islamic bank. Today, the bank has seven branches, including one in Beirut and others in major Lebanese cities………………………………………..Full Article: Source

 
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