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Islamic Finance Briefing - Categorized | Banking, Emerging Trends more

Islamic banking hits the web

Posted on 17 November 2010

From Internetevolution.com: A jaunt to now-Muslim-majority Bethlehem, in the Palestinian Authority, reveals a thriving city: renovated, bustling, affluent. When I remark on the profusion of late-model European SUVs, my Palestinian host shrugs: “Like in the West — they live beyond their means.”
This was echoed by a report in the Israeli press, which stated that “Palestinian and Arab banks in the West Bank are offering… incentives to draw the average Palestinian into purchasing a car… by paying 10% of the new car’s value and slowly paying off the rest to the bank, with interest…”………………………………………Full Article: Source

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


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