Displaying items by tag: Islamic finance

Islamic finance has been welcomed uncritically into the UK. Today there are over twenty lenders in the UK offering Islamic financial services. The British government has been promoting Islamic finance for some years, and in 2014 the UK made history by becoming the first non-Muslim country to issue a sovereign Islamic bond. However, there are serious problems and concerns about Islamic finance, which is why Christian Concern have produced a booklet on the subject. Islamic finance is based on the idea that the Qur'an prohibits all forms of interest; it also aims at increasing the influence of sharia law.