Zurich Capital Funds Group has announced the launch of the first fully Islamic Shariah compliant digital bank in the world, branded as Rizq/Baraka bank. The bank will provide all banking services according to Islamic law, which will be in the field of digital banking services available only through mobile phones and computers. The application is available on Apple Store, Google Play (Android stores) and from many communication sites and social media networks. It is the first digital bank to be fully in compliance to Islamic Shariah Law in the world. Dr. Fahed Al-Merhebi, chairman of Zurich Capital Funds Group, stated that the digital bank is the third of the group's achievements in the Middle East, North Africa and Europe while its first initiative was the launching of the Sharia-compliant digital crypto exchange platform.

Source: The North Africa Journal April 21, 2021 11:15 UTC