A one stop resource for all your sharia related banking needs. http://global.shariabanking.net 2010-03-11T13:44:03+01:00 http://global.shariabanking.net http://global.shariabanking.net/images/M_images/joomla_rss.png text/html 2007-08-15T19:00:00+01:00 http://global.shariabanking.net http://global.shariabanking.net/general/islamic-finance-experts-group-meeting-on-feasibility-study-into-government.html Kitty Ussher, City Minister, today hosted the first meeting of the Islamic Finance Experts Group. The Group was set up to act as an industry sounding board for HM Treasury and the Financial Services Authority (FSA) on Islamic Finance. The focus of today's meeting was the Government's feasiblity study into issuing sovereign sukuk. text/html 2007-11-13T19:00:00+01:00 http://global.shariabanking.net http://global.shariabanking.net/general/chancellor-hosts-high-level-group-on-city-competitiv.html The Chancellor of the Exchequer Rt Hon Alistair Darling MP, and Economic Secretary and City Minister Kitty Ussher MP this morning hosted senior financial sector representatives at a meeting of the High-Level Group on City Competitiveness at No 11 Downing Street.The High-Level Group met to discuss recent events in global financial markets, transport issues, and to follow up discussions from previous Group meetings on their strategy to enhance the global competitiveness of the City and the UK-based financial sector. text/html 2007-11-27T19:00:00+01:00 http://global.shariabanking.net http://global.shariabanking.net/consumer-finance/fsa-encourages-growth-of-islamic-finance-in-t.html The Financial Services Authority (FSA) has today published a paper setting out its role in the development of the UK as the major European financial centre for Islamic financial products and services. Worldwide, Islamic finance has grown in recent years at a conservative estimate of 10-15% per annum and is worth about £250bn globally text/html 2008-01-22T19:00:00+01:00 http://global.shariabanking.net http://global.shariabanking.net/islamic-current-accounts/lloyds-tsb-opens-way-for-shariah-compliant-worldwide-money-tran.html Lloyds TSB has consolidated its position as a leading provider of Islamic financial services, by launching an account that allows banks to move money around the world on behalf of their individual and business clients, in keeping with Shariah law. The Islamic Nostro Account is the first of its kind to be offered by a mainstream Western bank and is a Shariah compliant version of the account used by all banks to distribute payments to customers across the world. Whenever individuals or businesses send money to other countries, the payments are made from one bank to another and are passed through a Nostro account in the process. text/html 2006-02-09T19:00:00+01:00 http://global.shariabanking.net http://global.shariabanking.net/islamic-current-accounts/lloyds-tsb-islamic-banking-goes-on-the.html Lloyds TSB Islamic Financial Services is hitting the road this week, with a series of events showcasing the range of financial products it now offers to the Muslim community. The products — an Islamic current account and mortgage — are designed to meet the banking needs of the UK's two million Muslims, for whom interest is forbidden, and are now available in more than 30 Lloyds TSB branches.