Islamic Bank of Britain fixed term investments?
Hi.
www.islamic-bank.com
This appears to offer a good rate for a 2 year bond, although a quick look
at the literature shows that the bank is set up means that this is not
technically described as being paid as interest.
Is there a catch with this product (it does refer to publishing a monthly
target profit rate) or in reality is this semantics that need be of no
concern to those of us not concerned about the theocratic implications of
earning interest?
Cheers.
date: Mon, 12 Oct 2009 11:01:32 +0100
author: Smiler
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