Wednesday, 26 January 2022
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Articles > Islam and Muslims > Initiatives in the field of Islamic finance

The World Bank and Bahraini Al Baraka Banking Group combined efforts in a joint program "Initiatives for Islamic finance."

These initiatives are aimed at promoting sustainable development of Islamic economics and finance, the spread of classical principles and practice of Islamic finance, as well as the expansion of Islamic microfinance, and much more.

"This initiative is the result of recognition of the growing importance of the two institutions of Islamic finance for the economic development of nations and the need to respond to the challenges posed by the growth of Islamic financial sector," - Bahrain Islamic Bank said in a statement.

Source: based on the 24x7 News

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