Showing posts with label vanackere. Show all posts
Showing posts with label vanackere. Show all posts

Friday, January 27, 2012

BELGIUM - Islamic banking arrives in Belgium

http://www.7sur7.be/ - Moroccan Chaabi bank is preparing to launch a current account "Sharia compliant" from June 2012 in Brussels, La Libre reported Friday.

"The project is under consideration. We will shortly consult the Authority on financial services and markets (FSMA) on the subject," confirmed Mr. Semlali, the Belgian branch of the bank Chaabi, present in Belgium since 1977.

"Islamic finance brings together hundreds of texts for interpretation of Islamic law in the current economic realities. There is nothing sacred in it, they are financial arrangements that are universal values​​," said Mohamed Boulif, consultant Islamic finance. (source)