Non-Muslims Snap Up Islamic Bank Accounts

Non-Muslims both in England and in Islamic countries are increasingly opening Islamic bank accounts, which operate in compliance with Sharia law. Under Sharia Islamic law, making money from money, such as charging interest, is usury and therefore not permitted. Wealth should be generated only through legitimate trade and investment in assets. Sharia also forbids investing money in arms, tobacco, alcohol, gambling, and pornography. Non-Muslims find this version of ethical finance increasingly appealing and are therefore opening such accounts at major UK banks.