Norwegian bank Storebrand is offering new ‘halal loans’ based on Islamic principles.
The bank writes that it is testing the idea of interest-free loans in part to appeal to Muslim home buyers who may not want to accept a traditional loan because of their faith. Islam prohibits charging interest or fees on financial loans. “We wanted to find out if there could be another way to enter … Continue reading Norwegian bank Storebrand is offering new ‘halal loans’ based on Islamic principles.
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