Salam Business Club Takes Important Step Into Islamic Finance and Banking

| Apr 23, 2009 | comment 11 Comments

Salam Business Club

Salam Business Club (SalamBC), the social business network built especially for the Arab, Asian and Muslim business world, and that recently launched versions in Arabic, Urdu and other languages (and soon in Persian), will be officially announcing an interesting new business development for their service in the upcoming days.

Through a partnership with the Institute for Islamic Finance and Banking (IFIBAF), they aim to be the first online destination to offer Islamic Finance and Banking products to its members.

The deal comes at a time when demand for Islamic financial products is really high and growing, both from Muslims as well as non-Muslims all around the world, yet this demand remains far from covered and satisfied by whatever offers currently exist in the market. And the current economic crisis is pushing even more people to consider Islamic finance and banking as a safer option, with a number of banks working on building up Islamic finance units.

The Islamic finance industry, which is still a nascent one, is currently estimated at $700 billion to $1 trillion in asset size, with a 15-20 percent annual growth rate.

The move by SalamBC to launch such products also comes upon the requests and feedback that they kept constantly getting through listening to their members.

With this deal, SalamBC brings its whole database of members from over 180 countries worldwide to the table, while the IFIBAF brings its long years of experience with Islamic finance and banking, as well as its extensive global network within the Islamic Banking Community, to offer together a central entry point to Shariah-compliant financial products for everyone interested.

Their initial focus for their offerings will be on the European market, as the demand there is largely unsatisfied, but they will be extending to the rest of the world soon after that, as they continue to finalize more partnerships and agreements around the world.

Salam Business Club

  • http://al-kanz.org Al-Kanz

    SMC, c'était bien Muslim Business Club, non ? Impossible de récupérer mon compte (inscription en 2006 je crois)

  • http://www.startuparabia.com Mohamed Marwen Meddah

    Yes, Salam Business Club used to be called Muslim Business Club before they launched their new version under a new name to open it up to more people and show that it's not just limited to Muslims, but also open for people who want to do business with Muslims or Muslim countries.

    Regarding your account from 2006 that you're unable to login to, I suggest you get in touch with the SalamBC guys, and I'm sure they'll be able to find a solution for you.

  • http://www.salambc.com Rias A. Sherzad

    Dear Al-Kanz,

    Our IT guys have just e-mailed you information on how to retrieve your password.

    Please let me know if you are facing any other issues on the Salam Business Club.

    Kind Regards
    Rias A. Sherzad
    CEO & Founder, Salam Business Club

  • http://al-kanz.org Al-Kanz

    They dit it ;)
    It's ok now
    Chouette :)

  • http://al-kanz.org Al-Kanz

    SMC, c'était bien Muslim Business Club, non ? Impossible de récupérer mon compte (inscription en 2006 je crois)

  • http://www.startuparabia.com Mohamed Marwen Meddah

    Yes, Salam Business Club used to be called Muslim Business Club before they launched their new version under a new name to open it up to more people and show that it's not just limited to Muslims, but also open for people who want to do business with Muslims or Muslim countries.

    Regarding your account from 2006 that you're unable to login to, I suggest you get in touch with the SalamBC guys, and I'm sure they'll be able to find a solution for you.

  • http://www.salambc.com Rias A. Sherzad

    Dear Al-Kanz,

    Our IT guys have just e-mailed you information on how to retrieve your password.

    Please let me know if you are facing any other issues on the Salam Business Club.

    Kind Regards
    Rias A. Sherzad
    CEO & Founder, Salam Business Club

  • http://al-kanz.org Al-Kanz

    They dit it ;)
    It's ok now
    Chouette :)

  • Anonymous

    iam adminstrative officer
    master holder devrlopment and planning from khartoum university
    iwant jop

  • elvisstatayloor

    HOW DO IGET TO MAKE DEALS ON LINE AND TRADE OIL AND PETROLEUM AND FAST SELLING COMMODOTIES TO GE SECURE PAY AS IT REACHES SECURE LIKE CLICK BANK.NET AND SALAM BUSINESS BANKING ONLINE .MOBILE 1876-553-5168

  • http://twitter.com/Emmi134 Emmi Bances

    This is really very important step!!!!….Allt the best

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