19.07.2010 - Big banks go cold on Islamic products
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
Print