Islamic banking refers to a system of banking or banking activity that is consistent with the principles of the Shari'ah (Islamic rulings) and its practical application and guided by Islamic economics. And when you refer to Islamic banking, Al Baraka Banking Group shines as the leader in this buoyant industry.

The global insurance and reinsurance market is facing a series of unique challenges. Reinsurance insurance has always been an opaque market and its culture relies on trust built between cedent companies and their reinsurers in the framework of a long-term relationship.

BL: If the economic situation with increasing inflation is affecting the repayment of loans, why don’t banks consider loan rescheduling before moving to courts of law?

The Arab Spring has brought down regimes in some Arab countries. Following the Arab Spring, the countries of the Middle East have entered an era of regional insecurity that might make long term and sustained investment look favorable. Eventually, international insurers and reinsurers have shown keen interest to enter the MENA region and for example open branches at Dubai international financial center because they found a lucrative market full of opportunities.