Banque Zitouna
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Banque Zitouna
Banque Zitouna is the first Islamic bank in Tunisia ) , image_map = Tunisia location (orthographic projection).svg , map_caption = Location of Tunisia in northern Africa , image_map2 = , capital = Tunis , largest_city = capital , ... and the Maghreb region (North Africa) with the capital of $30 million, aiming at developing Islamic loan and saving products for businesses and individuals. 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." - CIBAFI References External links Banque Zitouna (official homepage) {{DEFAULTSORT:Zitouna 2009 establishments in Tunisia Banks of Tunisia Banks established in 2009 Islamic banks Organisations based in Tunis Economy of Tunis ...
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Islamic Banking
Islamic banking, Islamic finance ( ar, مصرفية إسلامية), or Sharia-compliant finance is banking or financing activity that complies with Sharia (Islamic law) and its practical application through the development of Islamic economics. Some of the modes of Islamic banking/finance include ''Mudarabah'' (profit-sharing and loss-bearing), ''Wadiah'' (safekeeping), ''Musharaka'' (joint venture), ''Murabahah'' (cost-plus), and ''Ijara'' ( leasing). Sharia prohibits ''riba'', or usury, defined as interest paid on all loans of money (although some Muslims dispute whether there is a consensus that interest is equivalent to ''riba''). Investment in businesses that provide goods or services considered contrary to Islamic principles (e.g. pork or alcohol) is also ''haram'' ("sinful and prohibited"). These prohibitions have been applied historically in varying degrees in Muslim countries/communities to prevent un-Islamic practices. In the late 20th century, as part of the revi ...
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Mohamed Sakher El Materi
Sakher El Materi (Mohamed Sakhr El Materi, ar, محمد صخر الماطري, born 2 December 1981) 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 (prior to the Tunisian revolution), 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. Biography El Materi was born on 2 December 1981 in Tunis into a family of Turkish origin. In 1973, his father, Moncef El Materi, founded El Adwya one of Tunisia's largest private pharmaceutical companies. El Materi's un ...
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Tunis
''Tounsi'' french: Tunisois , population_note = , population_urban = , population_metro = 2658816 , population_density_km2 = , timezone1 = CET , utc_offset1 = +01:00 , timezone1_DST = , utc_offset1_DST = , postal_code_type = Postal code , postal_code = 1xxx, 2xxx , area_code_type = Calling code , area_code = 71 , iso_code = TN-11, TN-12, TN-13 and TN-14 , blank_name_sec2 = geoTLD , blank_info_sec2 = .tn , website = , footnotes = Tunis ( ar, تونس ') is the capital and largest city of Tunisia. The greater metropolitan area of Tunis, often referred to as " Grand Tunis", has about 2,700,000 inhabitants. , it is the third-largest city in the Maghreb ...
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Tunisia
) , image_map = Tunisia location (orthographic projection).svg , map_caption = Location of Tunisia in northern Africa , image_map2 = , capital = Tunis , largest_city = capital , coordinates = , official_languages = Arabic Translation by the University of Bern: "Tunisia is a free State, independent and sovereign; its religion is the Islam, its language is Arabic, and its form is the Republic." , religion = , languages_type = Spoken languages , languages = Minority Dialects : Jerba Berber (Chelha) Matmata Berber Judeo-Tunisian Arabic (UNESCO CR) , languages2_type = Foreign languages , languages2 = , ethnic_groups = * 98% Arab * 2% Other , demonym = Tunisian , government_type = Unitary presidential republic , leader_title1 = President , leader_name1 = Kais Saied , leader_ti ...
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Global Arab Network
Global Arab Network (GAN) (in Arabic غلوبال اراب نتورك) is a comprehensive news and information service about the Arab world in English and Arabic, registered and based in London London is the capital and largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary down to the North Sea, and has been a majo ..., UK. Founded in 2006, GAN covers news and information from the Middle East and North Africa concerning national and international affairs, relations between the Arab countries and the rest of the world, economy and business, foreign policy, science and technology, culture and society, entertainment and lifestyle. ". Global Arab Network is one of the Strategic Partners of The Middle East Associationhttp://www.the-mea.co.uk - The Middle East Association References External links Global Arab Network (official homepage) {{DEFAULTSORT:Glob ...
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Sakher El Materi
Sakher El Materi (Mohamed Sakhr El Materi, ar, محمد صخر الماطري, born 2 December 1981) 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 (prior to the Tunisian revolution), 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. Biography El Materi was born on 2 December 1981 in Tunis into a family of Turkish origin. In 1973, his father, Moncef El Materi, founded El Adwya one of Tunisia's largest private pharmaceutical companies. El Materi's un ...
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Princesse El Materi Holdings
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. Under Ben Ali's rule, the company become one of the largest conglomerates in Tunisia. It actively held companies in six different industry sectors, including News and Media, Banking and Financial Services, Automotive, Shipping and Cruises, Real Estate and Agriculture. On November 22, 2010, the group also diversified into the Telecommunication industry. History Princesse El Materi Holding’s first acquisition was the company Ennakl, the importer of Volkswagen to Tunisia, for a reputed 22 million dinars. Shortly after, he started an all-round modernization of the company with an aggressive marketing campaign and heavy investment. The car dealership, which was previously in very poor condition, has since become ...
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2009 Establishments In Tunisia
9 (nine) is the natural number following and preceding . Evolution of the Arabic digit In the beginning, various Indians wrote a digit 9 similar in shape to the modern closing question mark without the bottom dot. The Kshatrapa, Andhra and Gupta started curving the bottom vertical line coming up with a -look-alike. The Nagari continued the bottom stroke to make a circle and enclose the 3-look-alike, in much the same way that the sign @ encircles a lowercase ''a''. As time went on, the enclosing circle became bigger and its line continued beyond the circle downwards, as the 3-look-alike became smaller. Soon, all that was left of the 3-look-alike was a squiggle. The Arabs simply connected that squiggle to the downward stroke at the middle and subsequent European change was purely cosmetic. While the shape of the glyph for the digit 9 has an ascender in most modern typefaces, in typefaces with text figures the character usually has a descender, as, for example, in . The mod ...
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Banks Of Tunisia
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the anc ...
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Banks Established In 2009
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the anc ...
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