Monday, August 9, 2004

BBC NEWS | Business | First Islamic bank to open in UK

BBC NEWS Business First Islamic bank to open in UK

Well it took a long time, but finally the first purely Islamic Bank is set to open in the UK. Of course, traditional British banks have been offering some "products tailored for Muslims".

The biggest difference between traditional Western banking and Islamic Banking is the absence of Interest. Consequentially the banks have to come up with

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