Words of Wisdom - the Editor
Peace.
Got busy with a new project. So couldn’t add more news. Although I came across a fine article by a brother on the history and future of Islamic Banking. I was surprised to know that Islamic banking had beginnings in 1975. Wow. That’s almost as early as my birth. And I guess if there are enough like minded people any idea is bound to grow. I too used to wonder if I can invest without plunging into interest based transactions.
UK I noticed is taking some fine initiatives to promote Shariah Finance. Also came across a western brother or atleast who calls Muslims his brothers and sisters but laughs cynically at the DOW Islamic index as 'bending backwards' to accommodate those guys who have four wives and cut of peoples hands. O well some people just don't get it, do they?
NIB and MasterCard announce alliance
12 February 2008 DUBAI — Noor Islamic Bank (NIB) and MasterCard Worldwide yesterday announced an exclusive relationship for NIB to issue only MasterCard credit and debit cards to the bank's customers. According to the agreement, Noor Islamic Bank and MasterCard will also develop Shariah-compliant payment solutions that are innovative, technologically advanced and customer focused. Launched in 2008, NIB aims to become a global leader in Islamic banking by offering contemporary banking solutions that meet the current market needs. Khaleej times
No comments:
Post a Comment