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