Islamic banking started in Egypt in early 1960s with MGISA. Islamic Development Bank established in 1975, followed by major commercial banks. Total Islamic finance assets reached $2 trillion by end-2014
Born in 1556 in Saffuriya near Nazareth, Galilee. Moved to Damascus at age 10 with his father. Learned Qur'an at Manjak Mosque and Arabic at Madrasa al-Umariyya. Studied in Jerusalem from 1567 to 1571 under Muhammad ibn Abi al-Lutf. Mastered Persian by 1580 under Hafiz Husayn al-Karbala'i
IFSB is an international standard-setting organization based in Kuala Lumpur. Founded in 2003 by central banks and Islamic Development Bank. Comprises various committees including assembly, council, and technical committee. Has 188 members as of December 2020