Tuesday, 22 June 2010

Opinion on Islamic banking

thisisbusiness-eastmidlands.co.uk, Banking by Sharia rules is a 'big flop', 22 June 2010 "Muslim leaders have backed comments by a leading Islamic finance expert who said Sharia-compliant banking had been a "huge flop" in the UK.

"Junaid Bhatti, part of the team which set up the Islamic Bank of Britain (IBB), which has one of its eight branches in Leicester, said Islamic products had been wrongly marketed by banks, which had over-emphasised the religious aspect."

Clearly, as this article notes, there are many other opinions on this subject.