European countries and the two Americas are now more accepting and understanding the Islamic banking industry, a leading Arab Banker said, adding that these countries are now prepared to receive Islamic banks. The Chairman of the Union of Arab Banks Adnan Ahmed Yousif, who is also Al-Baraka Banking Group CEO, said to the Bahrain News Agency (BNA) that Islamic Banks have expanded in international markets, especially in European countries, pointing out that many banks are being established there. Islamic banks have a strong presence especially in Britain which considered one of the main financial markets in the continent, he added. Yousif noted in a statement published today that some conventional banks have developed Islamic products as a tool for dealing with Muslims, reminding that Islamic banks have implemented the decisions and circulations of the Central Bank of Bahrain concerning Basel II Criteria.
