| From Oxfordbusinessgroup.com: Jordan is moving to further open its financial sector to sharia-compliant lenders, having unveiled plans to change regulations and legislation that will strengthen the regulatory environment for the Islamic component of the banking industry.
At present, Islamic banks have a relatively low profile in Jordan's finance sector, though this is in the process of changing. The country's older Islamic banks have assets representing some 11% of the total asset holdings of the banking system and 12.5% of all bank deposits and credit facilities, accounting to around 15% of credit extended by Jordan's financial institutions, according to Central Bank of Jordan (CBJ) data......................................Full Article: Source
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