Reprinted from BBC Online:
The UK’s first Islamic Child Trust Fund(CTF) has been launched.
There are now a range of products – including current accounts, mortgages and even personal loans – which comply with Sharia Islamic law.
BBC News examines Islamic finance and how it works.
Filed under Islamic Banking Fundamentals by on Oct 1st, 2007. Comment. 
From the March/April 2007 Issue of “The American”
Muslim scholars say the Qur’an prohibits collecting interest on loans. But many banks, both global and local, have found clever ways to meet religious strictures. It’s a system that may be hypocritical, but also profitable.
The coverage can be a little bit breathless: “La finance Islamique en plein boom,” Le Figaro reported in September. Yes, Islamic banking, structured along the lines that religion decrees, is in full boom. But is it really banking? And is it really kosher?
Filed under Editorials, Islamic Banking Fundamentals, Islamic Banking Trends by on Oct 11th, 2007. Comment.
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