University to launch degree in Islamic banking after demand for 'eth...
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University to launch degree in Islamic
banking after demand for 'ethical' lending
surges
By Daily Mail Reporter
Last updated at 3:09 PM on 14th December 2009
The banking world has already grown used to accommodating the needs of Muslim savers... and now there's a
university degree to match.
Salford University in Greater Manchester is launching a degree course in Islamic banking next year in which students
will learn how to invest and lend according to the religion's strict financial principles.
The postgraduate course is being introduced after a surge in demand from high street banks offering Islamic services to
Muslim families.
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16/12/2009 03:38 ‫م‬
University to launch degree in Islamic banking after demand for 'eth...
http://www.dailymail.co.uk/news/article-1235730/University-laun...
Students will focus on the strict principles of Islamic banking on a new course at Salford University (left)
Under Islamic rules, charging and paying interest is viewed as immoral and investments must be made according to
strict ethical principles.
Islamic banks have opened in a number of British cities and major banks, including HSBC and Lloyds TSB, already
offer Islamic products and services.
Although they cannot pay interest, Islamic banks must still offer competitive returns to customers and turn a profit.
Banks make money for investors by taking fees for matching investors and borrowers, buying into businesses, or
buying and leasing assets to potential borrowers.
The MSc course - one of the first of its kind - will initially be open to 20 students next year.
Lecturer Hussein Abdou said: 'It's predicted demand for Islamic services will treble in the next few years.
'The course is not just for Muslim students. It is open to all people who want to have a unique position in the jobs
market.'
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This is what Labour have always wanted ,a Muslim state. Congratulations Blair , Brown and all the other buffoons
under Labour your wish is finally coming true to eradicate what little is left of the true British culture.
- Paul Hart, London, 14/12/2009 14:09
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Cue mad ranting islamophobes claiming this will be the end of the world as we know it....
- Tony M, Where the ex pats are not, 14/12/2009 14:05
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University to launch degree in Islamic banking after demand for 'eth...
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University to launch degree in Islamic banking after demand for 'eth...
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Find this story at www.dailymail.co.uk/news/article-1235730/University-launch-degree-Islamic-banking-demand-ethicallending-surges.html
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© 2009 Associated Newspapers Ltd
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