Yahoo Finance Singapore has an article on how Credit Suisse First Boston (CSFB) is the latest entrant into the Islamic Banking and Finance arena.
The article also lists other banks who have established an Islamic banking subsidiary, such as Citigroup, HSBC, BNP Paribas, and Societe General. It also mentions Islamically acceptable financial instruments such as Musharaka.
The Detroit Free Press has a useful article titled Islamic mortgages: Faith and Finance forge new path by Kim Norris.
There is also an Islamic Mortgage Q&A section.
The New York Times has an article about Islamic financing titled For Muslims, Loans for the Conscience.
It explains on Islamic alternatives to conventional mortgages, including Murabaha loans, and lists some financial institutions that offer Islamically acceptable alternatives.
The Globe and Mail has an article on how Islamic financial services offer a new way to bank, but Canadian Muslims are not rushing to embrace companies that operate under Sharia law.
Various views are offered, including those of Munir Pervaiz, Tarek Fattah of Muslim Canadian Congress, and Rehan Huda of Salam Financial, who offer Islamic alternatives.
Bloomberg News has an article on how an Islamic Mutual Fund is outperforming the market: Amana Mutual Complies With Laws of Koran and says that the fund's religious restrictions become a benefit as it outperforms the stock market.
Waterloo / Cedar Falls Courier has an article on how faith and finance collide for Muslims.
Of course, the article is about how mortgage is not acceptable under Islamic law, because it involves interest (riba), and how Muslims find alternative ways to finance a home purchase, such as musharaka and other financial instruments.
The article mentions Lariba, a provider for Islamically acceptable forms of financing.
The Atlanta Journal Constitution has an article on how the demand for Islamic banking is growing.
The Seattle Times has an article on how Muslim home buyers juggle Faith and Finance. Islam's prohibition on interest rules out most mortgage loan options. Lariba is mentioned in the article, as well Dr. Mahmoud El Gamal. Similar to a previously posted article.
The BBC is reporting that Islamic Banking is expanding in London. Earlier, they reported that Lloyds TSB is offering Islamic mortgage on a test basis, as well as an article on the opening of the Islamic Bank of Britian, the first Islamic Bank in the UK.
Cox News Service reports that Islamic banking, interest free loans, and other Islamic finance products are growing in popularity in the UK and the US. A good article worth reading.
