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Non-Muslims flock to 'safe haven' Sharia bank protected from the crunch by non-gambling rule
Daily Mail http://www.islamist-watch.org/950/non-muslims-flock-to-safe-haven-sharia-bank Excerpt: The UK's sole Sharia Law-compliant bank has seen a huge surge of customers during the credit crunch, as its strict religious principles have made it a 'safe haven'. The Islamic Bank of Britain says it has seen a significant growth in non-Muslim customers taking out accounts since the financial crisis took grip of Britain. Under the strict rules of Sharia Law, the charging or paying of interest is prohibited, leaving many Islamic banks unscathed by the credit crisis - and nervy customers flocking to put their savings in safer hands. Read the complete original version of this item... Related Topics: Banking receive the latest by email: subscribe to the free islamist watch mailing list Note: The content of external articles does not necessarily reflect the views of Islamist Watch. |