Ireland: Becoming a hub for Islamic finance
Ireland: Becoming a hub for Islamic finance Via thejournal.ie : Ireland is one of many countries which has begun to look at Islamic finance as a way to help rebuild the financial services sector. Already Ireland is a base for 20 per cent of Islamic funds based outside of the Middle East, and the plan is to expand that even further. �To someone like myself who has no particular expertise in the area, Islamic finance looks like a good fit for Ireland,� T�naiste Eamon Gilmore told an audience during a speech last month. (...) However while the government is doing a lot to encourage Islamic finance at an international level, this isn�t filtering down to Ireland�s 49,200 Muslims. Ireland�s two biggest banks, Bank of Ireland and AIB, both confirmed that they don�t offer Sharia-compliant personal banking to customers. This means customers who wish to bank according to their religious beliefs cannot take out mortgages, loans or have savings accounts. ( source )