About Islamic Financial Institutions
Islamic financial institutions is the blanket term for all financial institutions that operate in line with the Shari'ah. Generally, in order to be considered an Islamic financial institution, there must be a Shari'ah board composed of more than one scholar qualified to issue a fatwa on the Shari'ah-compliance of a financial product. There are conflicting statistics about the size and total number of Islamic financial institutions globally, but the International Financial Services London, a financial industry trade group in the U.K. estimates that as of the end of 2007, there are 280 Islamic financial institutions globally with total assets of US$729 billion (IFSL Research, 2009: 2). The rating agency S&P estimates the size of the market in 2015 reaching USD 1'600 million.
Islamic Financial Institutions (By Region and Country)
Africa
Algeria
Takaful
Botswana
Cameroon
Chad
Djibouti
Egypt
Takaful
Ethiopia
Gambia
Ghana
Guinea
Kenya
Islamic Windows
Barclay's Bank Kenya (website) (Islamic window)
Takaful
Liberia
Libya
Mauritania
Takaful
Mauritius
Nigeria
Senegal
South Africa
Absa Islamic Banking (website) (Islamic window)
Sudan
Export Development Bank (previously El-Gharb Islamic Bank)
Takaful
Tanzania
Tunisia
Takaful
Zambia
Asia (Northern)
Afghanistan
Microfinance
China
Asia (South and Southeast)
Bangladesh
non bank
Takaful
Brunei Darussalam
Takaful
India
Advisory
Indonesia
Bank Danamon (website) (Islamic window)
Bank Bukopin (website (Islamic window)
Takaful
Pakistan
Emirates Global Islamic Bank Limited [merged with Al Baraka Islamic, see above]
Takaful
Malaysia
EONCAP Islamic Bank Bhd (website) (Islamic window)
HSBC Amanah Malaysia Bhd (website) (Islamic window)
RHB Islamic Bank Bhd (website) (Islamic window)
Standard Chartered Saadiq Bhd (website) (Islamic window)
Takaful
Sri Lanka
Thailand
Takaful
Australia and Pacific Islands
Australia
Commonwealth of Independent States
Azerbaijan
Chechnya
Dagestan
Financial House " Masraf" [data missing]
Kazakhstan
Tatarstan
Russian Federation
Previous:
Badr-Forte Bank (website) (closed in 2006)
Europe
Bosna
Denmark
France
Germany
Takaful
Luxembourg
The Netherlands
Norway
Switzerland
Turkey
United Kingdom
Middle East
Bahrain
Retail Banks
Wholesale Banks
Investment Dar Bank [(closed)]
Takaful
Al-Salam Islamic Takaful Co. (Bahrain) (entry requires review)
Iraq
main source: Central Bank of Iraq (Listing)
Iran
Takaful
Jordan
Takaful
Kuwait
Takaful
Lebanon
Takaful
Oman
Palestine
Qatar
Takaful
Saudi Arabia
Takaful
Syria
Takaful
United Arab Emirates
Abu Dhabi
Ajman
Dubai
Fujairah
Ras al-Khaimah
Sharjah
Umm al-Quwain
National Bank of Umm al-Quwain (Islamic window) (website)
Takaful
Yemen
Takaful
North America
Canada
Home Finance
UM Financial [(dissolved, see full entry by clicking on the name)]
Mutual Funds
United States
Islamic banks and windows
Bank of Whittier, N.A. (website) (Whittier, California)
University Islamic Financial Corp (website) (Ann Arbor, Michigan)
Non-bank financial institutions
Ameen Housing Cooperative of California (website) (Santa Clara, California)
American Finance House-LARIBA (website) (Pasadena, California)
Guidance Residential (website) (Reston, Virginia)
Zayan Finance (website) (New York, New York)
Mutual Funds and Exchange-traded Funds
Saturna Capital Corp -- Amana Funds (website) (Bellingham, Washington)
Private Equity and Alternative Investments
Shariah Capital (website) (New Canaan, Connecticut)
UIB Capital (website) (Chicago, Illinois)
Takaful
Zayan Takaful (website) (New York, New York)
South America
Trinidad and Tobago
Shariah Advisors
Straight Way Ethical Advisory (Massachusetts) (website)
Retrieved from
http://wiki.islamicfinance.de/index.php/Islamic_financial_institutions
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