Islamic Finance

Austria Now Offers Sharia-Compliant Bank Accounts

Amid the continuing migrant crisis in Europe, an Austrian bank is to introduce Sharia-compliant accounts for the country’s growing Muslim population. BAWAG PSK will launch the accounts in Vienna next month, allowing customers to conduct their banking according to Islamic


China Turns to Islamic Finance to Expand Silk Road

(Reuters) Islamic finance is gaining prominence as a channel for China to expand its economic influence abroad as banks strengthen ties with Muslim-majority countries and Chinese companies start to tap offshore pools of Islamic funds.

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