May 23 (Reuters) - Turkish participation bank Bank Asya (ASYAB.IS), which operates according to Islamic principles: * says in a statement it plans acquisitions in Mali and Benin. (full story - reuters)
Showing posts with label malim. Show all posts
Showing posts with label malim. Show all posts
Tuesday, 24 May 2011
Monday, 29 November 2010
Islamic banking terms need a ‘western label’
Moinuddin Malim, chief executive for Mashreq al Islami Bank, said that financial products that adhere to Islamic teachings will only appeal to the wider western world if they adopt the phrase ‘ethical banking’ instead.
He said that too many people in the UK do not equate ‘ethical’ finance with ‘Sharia’-based products.
Mr Malim said: “What is Islamic banking? It is ethical banking. A lot of people just think that it is only for Muslim, and it is not - it is for everyone.
Subscribe to:
Posts (Atom)