Egypt’s National Bank for Development Restructures Toward Shariah-Compliance
On February 25, 2010 · In Egypt, Islamic Banking, Islamic Bonds, Shariah Banking, Shariah Bonds, SUKUK
Egypt’s National Bank for Development (NBD) appears to be the latest standing conventional bank to move toward Shariah-compliance.
Originally, when NBD was founded in 1980, 2 of its 13 original branches were Shariah-compliant. Today, 19 of 68 branches are Shariah-compliant.
However the momentum seems to be swinging in the direction of Shariah-compliance…
Categories
Archives