I can only see 2 Islamic domains on there, and they are for credit cards.
And there are no Islamic credit cards.
Thus, no interest
I'd buy them as a gamble, but the price would have to be pretty damned low.
I can only see 2 Islamic domains on there, and they are for credit cards.
And there are no Islamic credit cards.
Thus, no interest
I'd buy them as a gamble, but the price would have to be pretty damned low.
Well... all the Halal names are Islamic names.
You can get what is known as Islamic credit cards in some countries and they are on the way to the UK. Have a read of http://www.islamicmortgages.co.uk/index.php?id=76 and http://www.zawya.com/story.cfm/sidZAWYA20071108073001/SecMain/pagHomepage
The lack of interest is more to do with ignorance of the market than value, imho.
They certainly aren't going for a low price.
John
Is there not something in Islamic law about not charging interest that would make an Islamic Credit Card impossible?
Quite literally no interest!!![]()
Exactly. Islam forbids such behaviour.
It does, however there are ways and means of getting around it. ie. 'fees' rather than interest etc etc![]()
Quite.
Trust me guys, I know a fair bit about Islam and keep up-to-date with the Islamic press and business press. The City of London and the government are very keen to become a major force in Islamic finance.
btw - I have dropped you an email - not sure if you have got it?
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