1 The Moroccan Banque Populaire
2 BYBLOS BANK EUROPE S.A
3 The Bank of Tokyo-Mitsubishi UFJ, Ltd.
Trading
List of Islamic Banks in Belgium
Published by Gbaf News
Posted on April 12, 2013
1 min read· Last updated: June 11, 2018
Key Takeaways
- There are currently no fully operational Islamic banks in Belgium.
- Byblos Bank Europe and Banque Populaire have operations in Belgium but are not Islamic banks.
- Belgium is exploring Sharia‑compliant banking, but no licensed Islamic bank exists yet.
References
Frequently Asked Questions
Are there any Islamic banks currently operating in Belgium?
No, Belgium has no fully operational Islamic banks offering Sharia‑compliant retail products such as interest‑free loans or Islamic mortgages.
Which banks mentioned in the article actually operate in Belgium?
Byblos Bank Europe (Lebanese subsidiary) and the Moroccan Banque Populaire (via European branch network) have a presence in Belgium, but are not Islamic banks.
Is there any initiative to launch Islamic banking services in Belgium?
Yes, studies are underway for a Sharia‑compliant banking initiative in Brussels, with preliminary discussions with the Belgian Financial Services and Markets Authority.
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