From Bloomberg: Islamic retail banking is in the “stone ages” as many financial institutions fail to provide services that cater to an increasing number of Shariah-compliant customers, according to Barclays Plc.

Only a “handful of simple” products, such as savings accounts, Islamic loans and debit cards are available to the world’s 1.6 billion Muslims, Harris Irfan, the Dubai-based head of Islamic finance products at Barclays Capital and Barclays Wealth, said in an interview last week…………………………………..Full Article: Source