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Britain's Islamic finance sector bigger than Pakistan's, report claims
The Telegraph UK ^ | 2/9/09 | Martin Beckford, Religious Affairs Correspondent

Posted on 02/09/2009 8:35:56 AM PST by Nachum

The study says that the UK has by far the largest number of banks for Muslims – whose products prohibit interest payments and investment in alcohol or gambling firms – of any western country. There are now five "fully Sharia-compliant" banks in the UK while another 17 leading institutions including Barclays, RBS and Lloyds Banking Group have set up special branches or subsidiary firms for Muslim clients. The $18billion (£12bn) in assets of Britain's Islamic banks dwarf those of some states where Islam is the main religion, including Pakistan, Bangladesh, Turkey and Egypt.

(Excerpt) Read more at telegraph.co.uk ...


TOPICS: Foreign Affairs; News/Current Events; United Kingdom
KEYWORDS: britains; finance; islamic; sector

1 posted on 02/09/2009 8:35:57 AM PST by Nachum
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To: Nachum

England sucks now. So much for the stiff upper lip... now it’s the squishy bended knee.


2 posted on 02/09/2009 8:39:37 AM PST by ScottinVA (Make my world PURRRFECT, Lord Obama!)
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