Share of Islamic finance does not exceed 5% (BCT Governor ) | Tunisia News Gazette

Share of Islamic finance does not exceed 5% (BCT Governor )

The share of Islamic finance in the Tunisian financial market has remained low, not exceeding 5%, said Tuesday Governor of the Central Bank of Tunisia (BCT) Marouane Abassi.

He asserted the possibility of developing this niche of Islamic finance and highlighted its important role in boosting the national economy, in a statement to TAP, during a conference on the role of Islamic capital markets in the implementation of sustainable development.

Abassi also recalled the effort made by the state since 2013, to prepare the favourable ground and put in place the legislation to develop Islamic finance.

The governor of the BCT spoke on this occasion of the evolution of the national economy during the first quarter of 2018, reflected by the growth of manufacturing industries and the improvement of the indicators of the sectors of tourism and agriculture, believing that the BCT’s intervention was reasonable and necessary during the last period, given the rise in inflation.

“The evolution of consumption of the imported products and the new measures of the Finances Act 2018, nourished this inflation,” said Abassi, who was speaking at this conference in the 43rd edition of the annual meetings of the Islamic Development Bank which is held from April 1st to 5th, 2018 in the northern suburbs of Tunis.

Source: TAP News Agency

Egyptians go to the polls next week in what is essentially a one-candidate election considered
The Ministry of Youth and Sports and the United Nations Development Programme (UNDP) Friday signed
The Ministry of Youth and Sports and the United Nations Development Programme (UNDP) Friday signed
The Francophone University Agency (French: AUF) now has its own premises in Tunisia. Inaugurated on
The government that refuses negotiations has thus declared war against the Tunisian General Labour Union