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ISLAMIC
CHILD TRUST FUND ACCOUNT LAUNCHED |
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The
Children's Mutual, the UK's only provider specialising in savings
for children, has today launched the first Child Trust Fund (CTF)
account that is compliant with the Shariah. The account, which is
scheduled to go live in September 2005, will be an actively managed
Global Equity Fund fully compliant with the Shariah and supervised
by a Board of Scholars.
read more |
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WESTERN
UNION LAUNCHES NEW LOYALTY CARD |
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Bollywood
actor, Dalip Tahil, launched the Western Union Loyalty Card today
in a special ribbon-cutting ceremony. Called the Western Union Card,
it offers rewards to its loyal customers. Those who send money with
the Western Union Card will be able to earn points that can be exchanged
for discounts on future transactions.
read more |
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LLOYDS
TSB & ICICI BANK LAUNCH RUPEE MORTGAGES |
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Britain's
one million strong Indian community will benefit from a new banking
service launched today by Lloyds TSB. The bank has joined forces with
India's second largest bank, ICICI Bank, to offer customers free money
transfers between India and the UK, as well as access to a Rupee mortgage
for Indian property purchases.
read more |
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LLOYDS
TSB MOVES INTO ISLAMIC HOME FINANCE |
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Lloyds
TSB has launched an Islamic Mortgage to help Britain's Muslims purchase
their own homes. Many Muslims currently take a traditional, interest
based mortgage or choose not to buy their own homes for religious
reasons. The new Home Finance Option complies with Islamic (Shariah)
law.
read more |
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MORTGAGES
EXPLAINED |
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You
might think there's nothing simpler than buying a house - you find
a place to call home, borrow the money to pay for it and then move
in. Well, that's the theory anyway. Unfortunately, the reality can
be a bit more complicated. Some of the problems lie in getting the
right mortgage for your needs.
read more |
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LLOYDS
TSB LAUNCHES ISLAMIC CURRENT ACCOUNT |
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Lloyds
TSB has launched an Islamic current account, to help cater for the
banking needs of Britain's two million Muslims. This is the first
step towards offering a dedicated range of Islamic financial services
to Muslims who currently use conventional current accounts or opt
out of traditional banking services altogether. The
account complies with Islamic law.
read more |
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