SHARIA BANKING
SYRIA

SYRIA SHARIA BANKING SYRIA ISLAMIC BANKING FINANCE


SYRIA ISLAMIC BANK MURABAHA MUDARABA

In Syria, sharia-compliant banking currently accounts for a marginal share of the Syrian financial sector. Recent estimates expect that Islamic financial assets in Syria could reach more soon.

Syria is preparing the legal framework for Islamic finance products such as the issuance of Islamic bonds (Sukuk) and in order to help financing Syria's SME it will promote Sukuk, Takaful (Islamic insurance) and halal microcredit.

Currently, Syria has a number of fully operational Islamic banks which serve retail and islamic corporate banking offering halal financing products such as Ijara, Ijara-wa-iqtina, Mudaraba, Murabaha and Musharaka.


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