BellaOnline Forums Religion and Spirituality Islam Sharia Banking

Hi Linda and all,

One of our major banking groups here in S A ABSA is opening a section of the bank for Sharia Banking. Can you tell say what is different?

I hear that no interest is charged or paid in certain instances? Or that loans are only made to designated people. I really do not know anything, and I am just curious and thought you may know.

Do you have Sharia banking in the UK, Europe or in the USA?

Thanks

Yes, in Islam, there is no place for interest. And I think, it is be a good news for inverters.