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DBS Bank to open 1st Islamic bank in Singapore

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A no-interest bank
Simon Click here to see all messages by Simon Click here to see member profile (Apr 1 2007 - 15:35)Rate | Report
I'm interested. I wonder if they will give loans to non-muslims. I imagine in somewhere like Singapore they would do.
 
DBS Bank to open 1st Islamic bank in Singapore
Dr_Evil Click here to see all messages by Dr_Evil Click here to see member profile (Apr 1 2007 - 16:43)Rate | Report
I bet they don't accept US dollars.
 
If you check how...
Derukugi Click here to see all messages by Derukugi Click here to see member profile (Apr 1 2007 - 17:58)Rate | Report
...similar banks operate, you`ll see that they do give loans to non-muslims. But don't dream about that being interest-free. The construct similar mechanism which they think don`t violate God`s law (which was layed down 1400 years ago, in Arabic of course).
They just shuffle everything around a little to satisfy the imams. Because, naturally, everything has to submit under islam, and that includes the banking system.

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