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Islamic banking is still at its early stages in Lebanon

Posted on 23 December 2009

From Iloubnan.info: The head of Islamic banking development projects at ESA believes that Islamic banking is still at its early stages in Lebanon.
In Lebanon, Islamic banking is at early stages and just started developing a few years ago. However, the first Islamic bank in Lebanon, Al Baraka, dates back to the 70s, but lacked a legal mechanism for its development. Today there are several Islamic banks; the newest is Blom development, a subsidiary of Blom bank…………………………………..Full Article: Source

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