Challenges in Islamic finance

The Turkish presidency is setting up an office to deal with the growing sector of participation finance, according to an official notice published on Feb. 8.

The department within the Presidential Finance Office will focus on raising awareness of participation finance and developing strategies in the field, said a presidential decree published in the Official Gazette.

Hijra Bank is well set to become one of the few banks in Ethiopia trailblazing Interest Free Banking, or Islamic banking.