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Religion & return on investment : Ban on interest, what ban on interest?

Posted on 09 December 2008

From Europenews.dk: Women cannot open a bank account, interests are taboo - the moral laws of the Koran affect the financial markets and even the West cannot and does not want to elude them.

The makers of the financial markets are worried about Muslim savers’ clear conscience for Koran forbids Riba – accumulation of money, and also interests. The banks and borrowers have therefore created special financial products in order to open the the equity market to the faithful….. Full Article: Source

 
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Laxman - who has written 19160 posts on Opalesque Islamic Finance Briefing.


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