Britain’s first sharia-compliant insurance firm launched

LONDON (AFP) — Britain’s first sharia-compliant insurance company was launched Monday, offering motoring policies in line with the Islamic legal code.
Salaam Halal insurance uses Takaful principles, whereby the risk is spread between all policy holders. In contrast, conventional insurance policies shift the risk from the policy holder to the insurance firm.
People taking out a policy [...]

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Shariah compliant credit cards

KARACHI: Multinational Standard Chartered Bank (Pakistan) is the first to introduce Islamic credit cards in Pakistan. Its Saadiq VISA Credit Card is the country’s first Shariah-compliant Riba free (interest free) credit card, approved by an independent Shariah Supervisory Committee.
The aim of introducing this Islamic card is to facilitate Muslims who would like to use credit [...]

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CIMA takes Islamic bank laws into account

ONE of the UK’s leading accountancy bodies will this week try to cash in on the growing popularity of Islamic banking with the launch of an Islamic finance qualification.
The Chartered Institute of Management Accountants (CIMA) will become the first accountancy body in the UK to train its members in Islamic financial law, which prohibits the [...]

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Non-Muslims Favor Islamic Finance

Islamic finance, an industry picking up steam worldwide, is increasingly appealing to non-Muslims who find the Shari`ah -compliant service much fairer than traditional banking.
“The terms are better than on conventional loans,” David Ong-Yeoh, a Malaysian public relations executive, told the New York Times on Thursday, November 22.
Turkish Weekly 

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Let’s Make a Halal Deal

Let’s Make a Halal Deal
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