Nearshoring strategy to boost Islamic banking and finance in Bosnia & Herzegovina

• Main Author: Omercic, Jasmin
• Format: Article
• Language: English
• Published: Islamic Finance News 2023
• Subjects: BPH Islamic Economics; BPH72 Economic development. Growth. Sustainable development. Sustainability; BPH830.3 Social systems. Urban groups. Cities and towns. Sustainable urban development; BPK Islamic law. Shari'ah. Fiqh
• Online Access: http://irep.iium.edu.my/109143/1/109143_Nearshoring%20strategy%20to%20boost%20Islamic%20banking.pdf; http://irep.iium.edu.my/109143/; https://www.islamicfinancenews.com/nearshoring-strategy-to-boost-islamic-banking-and-finance-in-bosnia-herzegovina.html

The greatest obstacles Bosna Bank International (BBI) has faced are not just within but outside the country such as COVID-19, geopolitics, economic instabilities and climate change. Notwithstanding all these obstacles, BBI has made considerable efforts to boost the overall economy including the development of Islamic activities in Bosnia & Herzegovina (B&H). One of the initiatives is assessing the strategy of nearshoring as a distinct business accelerator to propel renowned multinational corporations, manufacturers, logistical powerhouses, etc, to have their headquarters or branches in B&H.