Muslims get interest-free loans

by Nick Gardner and Warner Russell
Daily Telegraph
June 14, 2009

http://www.islamist-watch.org/1799/muslims-get-interest-free-loans

Excerpt:

One of Australia's major banks is planning to introduce "Muslim-friendly" loans that do not charge interest, to comply with Sharia law.

Instead, the National Australia Bank will structure an Islam-approved line of finance to make money from alternative methods.

These include profit-sharing on the transaction, joint-ventures or leasing-type arrangements.

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