Fri, May 24, 2013
A A A
Welcome bhaimia
RSS

Big banks go cold on Islamic products

Posted on 19 July 2010

From Independent: Where did it all go wrong? It was supposed to be the new frontier for the giant high-street banks, attracting Britain’s two-million-plus Muslims. Many members of this prosperous minority had felt excluded from the British banking system and its zero-sum game of maximising profit and charging interest – a practice forbidden under Islamic law, or Shariah.
As a result, charities have long estimated that the proportion of Muslims who were unbanked – who didn’t have a standard current account – was higher than in the overall population……………………………………….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
May 2013
M T W T F S S
« Apr    
 12345
6789101112
13141516171819
20212223242526
2728293031