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HomeNewsTunisia: El Wifack Leasing wants to become universal Islamic bank

Tunisia: El Wifack Leasing wants to become universal Islamic bank

The Board of Directors of the company “El Wifack Leasing” filed with the Central Bank of Tunisia (BCT) an application for approval for the transformation of the company into a universal Islamic Bank, in accordance with the decisions taken at its meeting held on March 28, 2013.

In a statement published on the website of the Financial Market Council (CMF), the same source said that examination of the accreditation application is still at the initial stage and the Board of Directors of El Wifack Leasing “cannot comment so far on potential issues that this request can make.”

In case it fails to win approval, the company will continue to develop its business and will launch its second tranche of the capital increase, argued El Wifack Leasing.

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