1 Arab Finance Investment House SAL
2 Al Baraka Bank
3 Arab Banking Corporation
4 Gulf International Bank
5 Lebanese Islamic Bank
6 Byblos Bank Africa Ltd.
7 Gulf International Bank B.S.C.
8 National Bank of Kuwait (NBK)
Trading
List of Islamic Banks in Lebanon
Published by Gbaf News
Posted on April 4, 2013
1 min read· Last updated: December 7, 2018
Key Takeaways
- Lebanon introduced Islamic banking under Law No. 575 in February 2004, enabling both domestic and foreign Islamic banks to operate.
- Arab Finance House SAL is a leading Lebanese Islamic bank offering Sharia‑compliant retail, SME, corporate, and investment banking services.
- Lebanese Islamic Bank was the first locally licensed Islamic bank in Lebanon, established in 2005.
- Currently a handful of Islamic banking institutions operate in Lebanon, such as Al Baraka Bank and Lebanese Islamic Bank, though the sector remains small compared to conventional banking .
References
Frequently Asked Questions
When was Islamic banking legalized in Lebanon?
Islamic banking was legalized under Law No. 575 on February 11, 2004, enabling both local and foreign Islamic banks to operate in Lebanon.
Which Islamic bank was the first to be locally licensed in Lebanon?
The Lebanese Islamic Bank was the first Islamic bank in Lebanon to be licensed by the Central Bank, under Law 575, on February 11, 2004, and was established in 2005.
What services does Arab Finance House SAL offer?
Arab Finance House SAL offers a wide range of Sharia‑compliant services across retail banking (cards, financing), SME and corporate banking (working capital, trade finance), and investment banking (Mourabaha, Ijarah, real estate investment).
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