THE ENGAGEMENT BETWEEN ISLAMIC AND CONVENTIONAL BANKING

Аннотация

Since the late 1980s one significant development has been for commercial banks, both within and outside the Muslim world, to offer Islamic financing facilities to their clients as an alternative to riba dealings. In Egypt the National Bank and the Banque du Caire, leading state-owned banks, now offer Islamic services.1 In Saudi Arabia the National Commercial and Riyadh Banks provide similar facilities, as does the Saudi British Bank. The Natio nal Commercial Bank (NCB) is particularly committed to Islamic finance, with a specialist network of over 35 dedicated branches throughout Saudi Arabia by 1999 offering a range of the Shari’ah-compatible products.