The Problems with Islamic Finance & The Case for Bitcoin with Harris Irfan
The Thinking Muslim
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Is the Uk Islamic Industry a Total Disaster?
Only two per cent of british moslem households are serviced by the u.K.'s Islamic banks. The largest islamic bank has made 200 million pound loss over 15 years, despite a near monopoly position and very favorable market conditions. All five ceos of the british eslumet banks are non moslem, conventional bankers. They don't buy chari compliant products for their own portfolios. There is no detailed technical understanding of fica mamalat. So it's no wonder to me that they don't understand the customer base. How do we form this? Either we can convince shareholders that they should be appointing management who represent the people they serve
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