Guidance Islamic Bank
Sharjah Islamic Bank
IBB Islamic Bank of Britain
Trading
List of Islamic Banks in Georgia
Published by Gbaf News
Posted on April 21, 2013
1 min read· Last updated: December 7, 2018
Key Takeaways
- No Islamic banks currently operate in Georgia due to absence of regulatory framework.
- Georgia’s Muslim population (~10%) and strategic location make the country fertile ground for Islamic finance.
- The Central Bank of Georgia has not issued Sharia-compliant bank licenses yet.
- International Islamic banks named (Guidance Islamic Bank, Sharjah Islamic Bank, IBB Islamic Bank of Britain) have no presence in Georgia.
References
Frequently Asked Questions
Are there any Islamic banks operating in Georgia?
No, as of now none of the named Islamic banks operate in Georgia due to lack of specific licensing.
Why hasn’t Islamic banking developed in Georgia?
Because the Central Bank of Georgia has not established a legal or regulatory framework for Sharia‑compliant banking.
Is there demand for Islamic banking in Georgia?
Yes, demand is growing due to Georgia’s roughly 10% Muslim population and strategic investment potential.
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