First Islamic Bank to open in UK

[eTeacher]

A good article about the First Islamic bank to open in UK:
http://news.bbc.co.uk/2/hi/business/3547374.stm

Also check out the website of the Islamic Bank of Britain:
http://www.islamic-bank.com/islamicbanklive/GuestHome/1/Home/1/Home.jsp

And as usual, Alhamdulillah Mufti Taqi Uthmani is at the forefront of it:
http://www.islamic-bank.com/islamicbanklive/SupervisoryCommittee/1/Home/1/Home.jsp

And some Q&A about Islamic Financing:
http://news.bbc.co.uk/2/hi/business/3548656.stm

[SwEeT_faith]

salam

o wow, jazakAllah khair for the info!

wasalam

[Raeesa]

Hmmm yeah i saw this earlier...
alhamdulilah its a great step forward

But i have to admit, even though these banks although getting better... they still have such high rates that u still cant afford to take out thier halaal mortgages... khair, Allahu aalim we mite see a nice suprise inshallah

[Saleel]

:salam:

:mash: brilliant. With Mufti Taqi Usmani at the helm, :insh: things will go well. Maybe finally I can now borrow some money...

This maybe of interest (no pun intended). Mufti Taqi Usmani was ousted as grand Mufti of Pakistan due to his unrelenting stance on riba. :insh: things are in good hands...

Mufti Taqi Usmani's fatwa can be read here:
http://www.albalagh.net/Islamic_economics/riba_judgement.shtml

:salam: