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Al Salam designs Takaful credit card

Posted on 08 December 2009

From Tradearabia.com: Al Salam Bank-Bahrain said it has designed a Takaful-principle-based credit card following extensive research and studies conducted by the Bank’s team, and would soon launch it in the market.

The Bank has successfully obtained the necessary legislative approvals for this unique product from both the Central Bank of Bahrain and the Bank’s Shari’a Supervisory Board, and is now working for its launch……………………………..Full Article: Source

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Laxman - who has written 19160 posts on Opalesque Islamic Finance Briefing.


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