AfDB Report On Islamic Finance In Tunisia

AfDB Report On Islamic Finance In Tunisia

TUNIS: The African Development Bank (AfDB) has recently drafted a report aiming at developing Islamic banking services in North Africa, analyzing the reasons for which they find it hard to develop, studying future perspectives and to what extent they would contribute to economic development.

There is a considerable need in resources for the financing of projects in North Africa given the under-development of infrastructure in the region. To this day, 24 Islamic finance projects operations have been approved in North Africa, together totaling 2.4 billion dollars. Regarding Tunisia, national political factors have often hampered the development of Islamic banking services.