Zitouna Bank Logo"Zitouna Bank" is the first Islamic bank in Tunisia, is expected to start work in the bank next May.The bank's capital 25 million dollars to reach 71 million by 2012.
The idea of Islamic banks on the principle of Murabaha instead of interest, as well as they do not invest their money in commercial activities prohibited, such as alcohol and gambling.
There are currently nearly 300 banks and Islamic financial institutions worldwide, are expected to increase the value of its assets to one trillion dollars by 2013, According to estimates by international financial organizations.
It should be noted that the Islamic banks are not affected by the financial assets, by the global financial crisis Walt world has ever known, as a result of the financial system on the basis of Islamic law.
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