| From Financialpost.com: Islamic financing appears to have fallen on hard times in Britain. Once heralded as a huge growth opportunity for banks (considering the U.K. has an estimated 2.4 million Muslims), a lack of competitive rates has instead led to some banks axing their Shariah-compliant product offerings completely.
"Most of the Islamic offerings are simply not competitive compared to their conventional counterparts," Ahmad Alanani, an associate director for the Middle East and North Africa at Exotix Ltd. in London, told Bloomberg earlier this month. "They have failed to achieve the mass appeal it was hoped they would."............................................Full Article: Source
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