Islamic business development and social responsibility in Bosnia & Herzegovina
Although a small Balkan nation of a few million inhabitants, Bosnia and Herzegovina (B&H) positions itself as an Islamic banking and finance hub. Its Bosna Bank International (BBI), the only bank operating according to Shariah principles, has truly grasped the attention of esteemed financ...
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| Format: | Article |
| Language: | English |
| Published: |
Islamic Finance News
2023
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| Subjects: | |
| Online Access: | http://irep.iium.edu.my/109141/1/109141_Islamic%20business%20development.pdf http://irep.iium.edu.my/109141/ https://www.islamicfinancenews.com/islamic-business-development-and-social-responsibility-in-bosnia-herzegovina.html |
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| Institution: | Universiti Islam Antarabangsa Malaysia |
| Language: | English |
| Summary: | Although a small Balkan nation of a
few million inhabitants, Bosnia and
Herzegovina (B&H) positions itself as
an Islamic banking and finance hub.
Its Bosna Bank International (BBI),
the only bank operating according to
Shariah principles, has truly grasped
the attention of esteemed finance
players in the UAE, Saudi Arabia, the
UK, the EU and others. The bank is
uniquely positioned due to increasing
public–private partnership initiatives,
nearshoring strategies, industry–
education nexus strengthening and
systematization of activities to degrees
unattainable and not fostered by other
banks in the country. BBI’s resilience
during the COVID-19 pandemic and
performance in post-pandemic times
with total assets of US$823.6 million in
the middle of 2021, down from US$856.3
million, indicate resilience, trust
and above-reasonable management
considering the country’s climate.
Nevertheless, even EU countries like
neighboring Croatia, Germany or Italy
face daunting times. |
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