Islamic finances in the Balkans: the operation of the Islamic Bosna Bank International

Abstract

During the 50 years since the formation of the Islamic bank system the bank operation of BBI has achieved huge successes. The authors in their study analyze the actions of the only Islamic bank of the Balkan Peninsula located in Sarajevo, namely Bosna Bank International. The essay contributes to the investigation of the Islamic bank system with the analysis of its balance sheet. The operation of the Bosna Bank International is interesting because the bank operates in a non-islamic financial environment. It seems to be a more real scenario in Hungary that instead of founding a clearly Islamic bank, a traditional bank would offer Islamic banking services (sc. „Islam window”). According to the opinion of the authors, the credit institution establishing the Islam window can acquire significant advantage in the field of getting clientele that is why we offer this strategy for the indigenous banks, too.