Islamic Finance

Pakistani

Demand for Shariah-Compliant Banking Soars in UK

Demand for Shariah-compliant banking reached an all-time high last year in the UK according to Al Rayan Bank, which recorded a 449 per cent rise in Islamic savings since 2012.

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Austria Now Offers Sharia-Compliant Bank Accounts

Amid the continuing migrant crisis in Europe, an Austrian bank is to introduce Sharia-compliant accounts for the country’s growing Muslim population. BAWAG PSK will launch the accounts in Vienna next month, allowing customers to conduct their banking according to Islamic

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China Turns to Islamic Finance to Expand Silk Road

(Reuters) Islamic finance is gaining prominence as a channel for China to expand its economic influence abroad as banks strengthen ties with Muslim-majority countries and Chinese companies start to tap offshore pools of Islamic funds.