In Albania, sharia-compliant banking currently accounts for a marginal share of the Albanian financial sector. Recent estimates expect that Islamic financial assets in Albania could reach more soon.
Albania is preparing the legal framework for Islamic finance products such as the issuance of Islamic bonds (Sukuk) and in order to help financing Albania's SME it will promote Sukuk, Takaful (Islamic insurance) and halal microcredit.
Currently, Albania 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.
ALBANIA ONLINE SHARIA BANK