The modern Islamic banking movement began with the establishment of the Local Islamic Bank in the city of Mit Ghamr,Egypt in 1963.

Name: The modern Islamic banking movement began with the establishment of the Local Islamic Bank in the city of Mit Ghamr,Egypt in 1963.
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The modern Islamic banking movement is often traced back to the establishment of the Mit Ghamr Savings Bank in Egypt in 1963, which operated on Islamic principles.

The Modern Islamic Banking Movement Began with the Establishment of the Local