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Medill News: On USA banks offering Islamic "no-interest" services

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Tue, 2007/04/24 - 00:57 by Muslim Investor

An article in the Daily Herald discusses Islamic financing options offered by US banks, such as HSBC, Devon Bank and University Bank, including Shariah compliant interest free home loans.

The article mentions that Muslims tend to be good bank customers since they are well educated and have stable jobs. It also mentions that one third of Muslims refuse to use non-Shariah compliant financing.

There is definitely a market there ...

How banks make Islamic "no-interest" rule work, by Katherine Glover.

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