Islamic banking is not a niche concept in Saudi Arabia. It is a central part of how the Kingdom’s financial system operates and grows. As the global conversation shifts toward ethical finance, ...

(Reuters) - For Islamic finance to comply with sharia, or Islamic law, financiers charge no interest and do not invest in prohibited businesses such as trading in alcohol, pork, arms, pornography or ...

Imagine a bank that doesn’t charge interest, like a Ramadan dinner without bratwurst. That’s what KT Bank AG did in 2015, becoming Europe’s first Islamic bank. It’s located in Frankfurt, known for its ...

• Putting in place a financing system that is both Shariah compliant and produces a return for investors is a challenge • Regulators in a Shariah-compliant system require more transparency from banks ...