Banque Zitouna

Banque Zitouna is the first Islamic bank in Tunisia and the Maghreb region (North Africa) with the capital of $30 million, aiming at developing Islamic loan and saving products for businesses and individuals.[1]

Banque Zitouna
TypeIslamic banking
Founded2009
FounderMohamed Sakher El Materi
Headquarters
Tunis
,
Tunisia

Banque Zitouna was established in 2009 by the Tunisian businessman, Mohamed Sakher El Materi, Chairman of Princesse El Materi Holdings.

The Islamic Bank of Zitouna plans to grow by 20 branches per year and hopes to expand from Tunisia into neighbouring countries."[2]

References
  1. "Global Arab Network | Banque Zitouna - Tunisia Opens First Islamic Bank in North Africa | Finance". Archived from the original on 2010-06-03. Retrieved 2010-09-12. - Global Arab Network
  2. "News Center Financial Industry ::Islamic bank a first for Tunisia". Archived from the original on 2011-07-25. Retrieved 2010-09-12. - CIBAFI
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