Islamic Banking and Finance - Riyazi Farook

First Islamic UK business account

Lloyds TSB is to offer the UK's first business account by a High Street bank that complies with Islamic law.

Category:

Education

Tags:

• islamic
• riba
• banking
• islamicbanking
• islamicfinance
• finance
• sharia
• compliant
• compliance
• bank
• Akurana
• Lloyds
• TSB
• UK

[plenty2say]

The world would be a better place if Islamic Banking were the norm.

[azizmuslimtrue]

I know the Tsb bank do islamic banking to do with the shriea law, i have also got a visa card with them mash'allah and i am very happy with that

[jdemeulenaer123]

Do business in arab countries and you will see if they can compete. Are you doing business in England or in EUrope...?

[AnnoyingTypoSyndrome]

@jdemeulenaer123:

I dont think you heard what they were saying, properly. Let me spell it out:

ISLAMIC LAW DOES NOT ALLOW INTEREST TO BE PAID ON LOANS

This means that they will be getting business loans, an NOT pay interest.

They already have MORTGAGES with NO interest.

YOUR govt says that YOUR bank can charge YOU huge interest, but CANT charge muslims ANY interest !

So HOW are YOU going to compete with them, in ANY business ?

[jdemeulenaer123]

This is totally hypocritical and meaningless. All those "islamic bankers" need to be checked by "religious scolars", which means that they are not realiable at all...Those bank managers need to know the rules themselves, no..? The Imam has an overall authority...? We do not know what is going on behind the closed doors of those banks....Very suspicious indeed..