Trading
List of Islamic Banks in Iran
Published by Gbaf News
Posted on April 5, 2013
1 min read· Last updated: June 11, 2018
Key Takeaways
- Most banks listed are not based in Iran despite the title referencing Islamic banks in Iran.
- Bank Melli Iran and Bank Saderat Iran are genuine Iranian banks operating under Islamic banking law.
- Dubai Islamic Bank and Emirates Islamic are UAE-based Islamic banks, not Iranian.
- Kuwaiti Turkish Banking Firm likely refers to a foreign entity, not an Islamic bank in Iran.
References
Frequently Asked Questions
Are all listed banks based in Iran?
No, only Bank Melli Iran and Bank Saderat Iran are actually based in Iran; the others are UAE- or Kuwait-linked banks.
What makes a bank an Islamic bank in Iran?
All banks in Iran must follow the Islamic banking law passed in 1983, prohibiting interest and requiring Sharia‑compliant financial contracts ([en.wikipedia.org](https://en.wikipedia.org/wiki/Bank_Melli_Iran?utm_source=openai)).
Is Dubai Islamic Bank an Iranian bank?
No, Dubai Islamic Bank is headquartered in Dubai, UAE, and was the world’s first full‑service Islamic bank ([en.wikipedia.org](https://en.wikipedia.org/wiki/Dubai_Islamic_Bank?utm_source=openai)).
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