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Islamic Finance Briefing - Categorized | Banking, Emerging Trends, People more

Customers are driving force of Islamic banking

Posted on 16 February 2010

From Arabnews.com: A leading economist has urged Muslims living in non-Muslim countries to open interest-free accounts in their banks in order to encourage the regulators and policy makers to license Islamic banks. “If a large number of customers insist they want interest-free banking services, it would surely have a big impact on decision makers,” said Mohammed Obaidullah of Islamic Development Bank.

He highlighted the role of customers in strengthening Islamic banks and financial institutions by asking right questions and monitoring the bank’s activities and dealings………………………………….Full Article: Source

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