IslamicFinance.de

Despite an eight-month revolt that has delayed Syria in violence and economic uncertainty, the recently opened Syrian unit of Al Baraka Bank aims to continue developing.
While new, small private banks seem to have largely escaped the worst, the Syrian economy is striving under rising international pressure against its army crackdown on protests calling for President Bashar Assad’s ouster.
Mohammad Halabi stated that the impact of the unrest on the private banking sector during the third quarter had caused a 20% drop in the sector’s liquidity, while lending had gone down 16 percent.