SPD politician Lale Akgün calls for banning the burqa

After the French debate, calls for banning the burqa are also being heard in Germany. Former MP Lale Akgün of the Social Democrat Party (SPD) said the burqa was a “full body prison”, violating human rights immensely. The German politician of Turkish background called for a ban in public spaces such as universities and schools…

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Islamic banking enters the Austrian market

After several years of success in the UK and first attempts in continental Europe, Islamic banking is now about to enter the Austrian market. Islamic financing is said to be highly profitable: growth rates of 30 percent are predicted. So far, the roughly 400, 000 Austrian Muslims have no opportunity to invest their money in…

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    Shari’a banking comes to Germany

    Germany’s Muslims are finally getting a bank offering financial products that comply with Shari’a law. It is a market worth billions, and one that many major banks around the world have long discovered. There are four million Muslims living in Germany. They eat, drink and pray in accordance with the precepts of the Prophet Muhammad….

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    Islamic banking making its way to Spain

    Islamic finance is coming to Spain, where an estimated two million possible clients await in its potential market. The Halal Institute, the center of Islamic quality certification in Cordoba operating under the Spanish Islamic Commission, plans to sign an agreement for the creation of an Islamic current account with the Sa Nostra building society. Since…

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      Demand — and supply — for “halal” financial products on the rise

      Saving and investing in line with religious principles is important for many Muslims and an increasing range of financial products is now available to meet Sharia rules. There are 1.8 million Muslims in Britain and surveys show that about three-quarters are interested in the idea of running their savings and investments in keeping with principles…

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