Fri, Oct 24, 2014
A A A
Welcome bhaimia
RSS

Islamic Finance Briefing - Categorized | Finance, Market Moves more

Australia: Interest-free loans for struggling Muslims

Posted on 27 June 2011

A state Islamic organisation is offering interest-free loans to low-income Muslims who otherwise can’t borrow money because of religious reasons. Charging or paying interest for loans is banned under Islam, but many Muslims are taking advantage of a growing Islamic finance industry.
Dandenong postgraduate student Ali Alyassiry, who has two children, borrowed $1000 under a new scheme offered by the Islamic Council of Victoria………………………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed
 
Article link

This post was written by:

Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


Contact the author

Comments are closed.

banner
October 2014
M T W T F S S
« May    
 12345
6789101112
13141516171819
20212223242526
2728293031