Banque Zitouna

Last updated
Banque Zitouna
Company type Islamic banking
Founded2009
Founder Mohamed Sakher El Materi
Headquarters,

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 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]

Related Research Articles

<span class="mw-page-title-main">Tunisia</span> Country in North Africa

Tunisia, officially the Republic of Tunisia, is the northernmost country in Africa. It is a part of the Maghreb region of North Africa, bordered by Algeria to the west and southwest, Libya to the southeast, and the Mediterranean Sea to the north and east. Tunisia also shares maritime borders with Italy through the islands of Sicily and Sardinia to the north and Malta to the east. It features the archaeological sites of Carthage dating back to the 9th century BC, as well as the Great Mosque of Kairouan. Known for its ancient architecture, souks, and blue coasts, it covers 163,610 km2 (63,170 sq mi), and has a population of 12.1 million. It contains the eastern end of the Atlas Mountains and the northern reaches of the Sahara desert; much of its remaining territory is arable land. Its 1,300 km (810 mi) of coastline includes the African conjunction of the western and eastern parts of the Mediterranean Basin. Tunisia is home to Africa's northernmost point, Cape Angela. Located on the northeastern coast, Tunis is the capital and largest city of the country, which is itself named after Tunis. The official language of Tunisia is Modern Standard Arabic. The vast majority of Tunisia's population is Arab and Muslim. Vernacular Tunisian Arabic is the most spoken, and French also serves as an administrative and educational language in some contexts, but it has no official status.

<span class="mw-page-title-main">Islam in Tunisia</span>

Islam is the official state religion in Tunisia. According to the United States CIA, 99.1% of its adherents are Sunni Muslims. The constitution of Tunisia states that the country's “religion is Islam”, the government is the “guardian of religion”, and requires that the president be Muslim. The predominant madhhab in the country is the Maliki school. The Tunisian island of Djerba is home to a population of Ibadi Muslims.

<span class="mw-page-title-main">Middle East and North Africa</span> Geographic region

The Middle East and North Africa (MENA), also referred to as West Asia and North Africa (WANA) or South West Asia and North Africa (SWANA), is a geographic region which comprises the Middle East and North Africa together. However, it is widely considered to be a more defined and apolitical alternative to the concept of the Greater Middle East, which comprises the bulk of the Muslim world. The region has no standardized definition and groupings may vary, but the term typically includes countries like Algeria, Bahrain, Egypt, Jordan, Kuwait, Lebanon, Libya, Morocco, Oman, Qatar, Saudi Arabia, Syria, Tunisia, the UAE, and Yemen.

<span class="mw-page-title-main">University of Ez-Zitouna</span> University in Tunisia

Ez-Zitouna University is a public ancient medieval university in Tunis, Tunisia. The university originates in the Al-Zaytuna Mosque, founded at the end of the 7th century or in the early 8th century, which developed into a major Islamic centre of learning in North Africa. It consists of the Higher Institute of Theology and the Higher Institute of Islamic Civilisation in Tunis and a research institution, the Center of Islamic Studies, in Kairouan.

The Central Bank of Tunisia is the central bank of Tunisia. The bank is in Tunis and its current governor is Marouane Abassi, who replaced Chedly Ayari on 16 February 2018.

The Constitutional Liberal Party, most commonly known as Destour, was a Tunisian political party, founded in 1920, which had as its goal to liberate Tunisia from French colonial control.

<span class="mw-page-title-main">Tahar Haddad</span>

Tahar Haddad was a Tunisian author, trade unionist, socialist, scholar and reformer.

Sakher El Materi is a Tunisian businessman. He is the son-in-law of Zine El Abidine Ben Ali, who was President of Tunisia until 2011. In 2010, Materi's company Princesse El-Materi Holdings was operating in six industry sectors: News and Media, Banking and Financial Services, Automotive, Shipping and Cruises, Real Estate and Agriculture. A member of the ruling Constitutional Democratic Rally, he was elected as a Member of the Chamber of Deputies of Tunisia for the constituency of Tunis on 25 October 2009. He was struck off by the party after the 2011 Tunisian Revolution. After the revolution El Materi fled the country and went to the Seychelles.

<span class="mw-page-title-main">Medina of Tunis</span> Old city of Tunis, Tunisia

The Medina of Tunis is the medina quarter of Tunis, the capital of Tunisia. It has been a UNESCO World Heritage Site since 1979.

Princesse El Materi Holding was a company created by the Tunisian businessman Sakher El Materi, the son-in-law of Zine El Abidine Ben Ali, who was President of Tunisia until 2011. Princesse El Materi Holdings used nepotism and improper money to acquire illegitimate businesses.

Banking in Tunisia is a service industry comprising 23 domestic banks of which, are three state owned banks.

The Turks in Tunisia, also known as Turco-Tunisians and Tunisian Turks, are ethnic Turks who constitute one of the minority groups in Tunisia.

The following is a timeline of the history of the city of Tunis, Tunisia.

<span class="mw-page-title-main">Mahmoud El Materi</span> Tunisian politician

Mahmoud El Materi was a Tunisian physician and politician. He was the first president and one of the founders of the Neo Destour.

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