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Islamic Finance Elevated Dimension In Banking The New Nation
Taifur Rahman :
Emergence of Islamic Banking system is an elevated dimension in the banking industry for the unique and welfare oriented approach. Currently, there are over 300 Islamic financial institutions (IFI) which are specially centered in the Middle East and Southeast Asia. Europe and the United States are also concentrating to Islamic Banking as well. Indonesia, Malaysia and Iran have attained top position in the Islamic Finance Country Index (IFCI) for the year 2019. It may be cited here that there has been positive changes in the IFCI scores for almost all the countries. Sudan, Pakistan, Bangladesh, Turkey, Egypt and the UK are potential leaders in the global Islamic financial services industry. This is widely known that Islamic Banks perform better during the crisis than Conventional Banks.
Lebanon: Two Banks Deny Ties to Hezbollah Lender
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Hezbollah s Banking Arm Hacked, Sensitive Information Leaked | The Jewish Press - JewishPress com | David Israel | 15 Tevet 5781 – December 30, 2020
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BEIRUT: Hackers who hit one of Hezbollah’s principal lenders and dumped records of thousands of its customers across Lebanon online have vowed to release further information on other institutions with links to the militant group.
Hundreds of accounts with Al-Qard Al-Hassan (benevolent loan association) have been laid bare by the hacking group, which goes by the name of Spiderz, in recent days, with lists of borrowers and depositors in each branch of the organization published online.
The hack revealed that more than one bank was providing services to Hezbollah through the association, including the Lebanese Canadian Bank and Jammal Trust Bank, both of which were placed on a US sanctions list in 2019.