Mon, Oct 20, 2014
A A A
Welcome bhaimia
RSS

Islamic Finance Briefing - Categorized | Banking, Emerging Trends more

Egypt: Islamic banking loses patron

Posted on 25 June 2012

When the Supreme Council for the Armed Forces, which has ruled the country for the last 16 months, decided to dissolve parliament, the ramifications of the decision were not limited to the political arena, but also encompassed Islamic banking which had begun to benefit from the rise of Islamist political currents.
The parliament, in which Islamists controlled 70% of the seats, created powerful pressures on the Central Bank to allow more freedom to banks to provide Islamic Banking services. It also encouraged a greater number of banks to apply for licenses in order to provide such services. Such requests had been automatically rejected in previous years………………………………………..Full Article: Source

 
Article link

This post was written by:

Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


Contact the author

Comments are closed.

banner
October 2014
M T W T F S S
« May    
 12345
6789101112
13141516171819
20212223242526
2728293031