What are the 5 Islamic banks?
The global Islamic banking sector features numerous financial institutions that operate strictly in accordance with Sharia law, prohibiting interest and engaging in profit-and-loss sharing ventures. Five prominent Islamic banking institutions operating globally include Al Rajhi Bank, one of the largest Islamic banks in the world based in Saudi Arabia; Kuwait Finance House, a pioneering institution offering comprehensive Sharia-compliant retail and corporate services; Dubai Islamic Bank, a major financial powerhouse in the United Arab Emirates; Bank Islam Malaysia, a leading Islamic financial institution in Southeast Asia; and Abu Dhabi Islamic Bank, known for innovative digital Islamic banking solutions and regional expansion.
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