www.worldirish.com - Developing Ireland’s involvement in Islamic finance is a priority for the Irish Government, according to Tánaiste and Minister for Foreign Affairs Eamon Gilmore.
The minister was speaking at the International Fiscal Association Ireland Seminar this morning and outlined his vision for Ireland as a European hub for Islamic finance saying that it is a “good fit” for the country.
Islamic or Sharia law forbids the payment of interest on loans or overdrafts. It also prevents investments in certain sectors such as gambling and adult entertainment. (source)
The minister was speaking at the International Fiscal Association Ireland Seminar this morning and outlined his vision for Ireland as a European hub for Islamic finance saying that it is a “good fit” for the country.
Islamic or Sharia law forbids the payment of interest on loans or overdrafts. It also prevents investments in certain sectors such as gambling and adult entertainment. (source)
