Islamic finance in Africa Modern Islamic finance was born in Egypt when a commercial bank opened its Cairo branch to process the financial transactions relating to the construction of the Suez Canal in 1890 and the notion of interest or riba was criticized by the then Islamic scholars. Consequently, the Muslim world witnessed the establishment of its first Islamic commercial bank.
And third, our public finances with a special focus on the Hospital Nobo Otrobanda. 4  Because of our geographic proximity, Venezuela has always been one of our main trading partners. Consequently, activities in key economic sectors of our economy were affected by the deep recession and unstable situation in Venezuela of the past years.