Tagged: islamic banking in somaliland

Islamic Finance: The Way Ahead for Somaliland? (Part 3: Islamic Offshore Banking)

This is the third in a series of posts on Islamic Finance which we hope will prove helpful as the Somaliland Parliament begins seriously debating a new Banking Act. Continuing our series on Islamic Banking, Mr. Abdulaziz speaks about the advantages and disadvantages about opening your financial sector to external individuals and creating a market for offshore banking.

Islamic Finance: The Way Ahead for Somaliland? (Part 2: Instruments)

This is the second in a series of posts on Islamic Finance which we hope will prove helpful as the Somaliland Parliament begins seriously debating a new Banking Act. Continuing our series on Islamic Banking, Mr. Abdulaziz defines the various types of Islamic finance instruments which are authorized by the Ulema councils and / or the Islamic Finance councils in most countries. To be clear, none of these instruments have been authorized in Somaliland as of now.