Lloyds TSB is apparently launching an 'Islamic current account' to help cater for the banking needs of Britain's two million Muslims. The bank state that it is the first step towards offering a dedicated range of Islamic financial services to Muslims.
This blogg is very keen to see that all sections of the community are adequately catered for in all aspects of life and that no groups are disadvantaged.
The question is in what way are Muslim's banking needs different from other members of our community? Is there a need for other religious groups to have dedicated financial products? How would a member of an other religion be accommodated if he or she applied for an Islamic account ?
This blogg is very keen to see that all sections of the community are adequately catered for in all aspects of life and that no groups are disadvantaged.
The question is in what way are Muslim's banking needs different from other members of our community? Is there a need for other religious groups to have dedicated financial products? How would a member of an other religion be accommodated if he or she applied for an Islamic account ?
We are genuinely interested in the implications of Lloyds TSB's marketing decision and look forward to more 'dedicated' bank accounts particularly one for would be entrepreneurs with no money or capital.
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