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Islamic Finance Briefing - Categorized | Financial Instruments (Credit Cards, Debts, Loans, Mort more

Al Salam Bank achieves a step ahead in Islamic products

Posted on 23 December 2009

From Menareport.com: Al Salam Bank-Bahrain has scored yet another achievement in innovative Shari’acompliant products by exclusively designing the Takaful-principle-based credit card which came as a result of extensive researches and studies conducted by the Bank’s team.
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 working for its launch shortly…………………………………..Full Article: Source

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