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