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Wednesday, December 7, 2011

''Western debt crisis spurs exodus to Islamic finance''

from arabianbusiness.....


"Chicago native Mariam Khan never considered Islamic banking until her husband moved the family to Dubai in 2007. But the 36-year-old housewife is a believer now as the Western debt crisis deepens. Her husband opened a family account with HSBC Amanah, the Islamic arm of international bank HSBC.
"When I look at the damage that an interest-based system has done to the US and Europe, I can see why God forbids riba (interest) in Islam," she said. "I'm not particularly conservative as a Muslim but I definitely feel safer within Islamic banking".........READ MORE

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