Providing financial services to members of the Islamic faith requires sensitivity to both religious and social mores.
In response, the World Council of Credit Unions has issued what it believes to be the first guide to financial services that are Shariah-compliant and adhere to requirements set forth in the Quran.
The 305-page guide, produced in conjunction with the Customer Owned Banking Association, WOCCU's member organization in Australia, is based on experiences WOCCU gleaned from establishing credit unions in Afghanistan, called Islamic investment and finance cooperatives, during the international trade group's development project there from 2004-2012.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
