Islamic banking is banking based on Shariah. It follows fiqh muamalat (Islamic rules on transactions).The rules and practices of fiqh muamalat derives from the Quran and the Sunnah, and other secondary sources of Islamic law such as opinions collectively agreed among Shariah scholars (ijma’), analogy (qiyas) and personal reasoning (ijtihad).

In recent years Islamic finance has emerged as one of the most rapidly expanding sectors of the global financial industry, with expectations that it will play an increasingly more important role in the years to come. Islamic finance is fast growing industry worldwide because it offers ethical, justice and benefits to all mankind.

Its ability to absorb the shocks of world financial crisis better than conventional sector has attracted remarkable attention thus spurring impressive and steady growth of the Islamic finance industry including in none core market such as in European countries.

SIBCO Group alongwith renowned Islamic banking and finance groups are arranging Islamic investment instruments and establishing Islamic economy framework in new and untapped markets such as East Asian and African countries.