infomommax
New member
Hello everyone,
I am new to the finance scene and currently hold an account in a conventional bank (unfortunately).
I want to open an account with an Islamic bank, but as you all know the world of finance is quite opaque especially when it comes to a bank’s dealings with the central bank.
Does anyone have first-hand knowledge on Islamic bank operations and whether they are fully compliant with Islamic law? Eg. do Islamic banks receive interest from central banks on their deposits?
What do you look for in an Islamic bank when opening an account? I am also open to bank recommendations within the EU.
TIA
I am new to the finance scene and currently hold an account in a conventional bank (unfortunately).
I want to open an account with an Islamic bank, but as you all know the world of finance is quite opaque especially when it comes to a bank’s dealings with the central bank.
Does anyone have first-hand knowledge on Islamic bank operations and whether they are fully compliant with Islamic law? Eg. do Islamic banks receive interest from central banks on their deposits?
What do you look for in an Islamic bank when opening an account? I am also open to bank recommendations within the EU.
TIA