Islamic Bank -

Islamic Bank Customers Share Risks And Rewards

Euro-Islam18 years ago15 years ago07 mins

MANCHESTER – Two years after its launch, the country’s first fully Islamic retail bank cannot yet offer traditional products like mortgages, but Muslim clients say they feel more at home there. “You feel you’re putting your money in the right place,” said Kuwaiti-born Mona Aabbassi as she walked into the Islamic Bank of Britain (…

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Islamic Banking ‘Goes Mainstream’

Euro-Islam19 years ago15 years ago04 mins

The bank has taken advice from Islamic scholars A new High Street bank account compatible with Islamic sharia law is due to be introduced. The Lloyds TSB account will offer no interest or overdraft facilities, as under Islamic law the receipt and payment of interest is forbidden. The introduction of the account follows the opening…

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