Islamic banks, that operate without interest, are spreading throughout the world, and one is coming to Croatia.
Dr. Sukrija Ramic, a member of the Sharia Board of the first Islamic bank on European soil, Bosna Bank International, has announced that legal regulations have been completed that will open the way for new Islamic banks to open in the region.
Ramic has said that Croatia, with its Catholic majority population, could accept an Islamic bank in the country before Bosnia and Herzegovina, since Pope Benedict XVI has previously recommended that commercial banks look to the principles of Islamic finance.
Islamic banks are not only intended for Muslims but for all citizens. There are no special requirements for non-Muslims. Apart from Islamic banks having no interest, there are several other differences between Islamic and conventional banking.
Islamic banks do not finance alcohol, tobacco, pornography, prostitution, gambling or the weapons industries. In other words, investment projects must be halal,
reported Croatian daily newspaper Vecernji list.
SOURCE: Croatian daily newspaper Vecernji
And many shall follow their pernicious ways; by reason of whom the way of truth shall be evil spoken of. And through covetousness shall they with feigned words make merchandise of you: whose judgment now of a long time lingereth not, and their damnation slumbereth not- 2 Peter 2:2-3 (KJV).
While they promise them liberty, they themselves are the servants of corruption: for of whom a man is overcome, of the same is he brought in bondage – 2 Peter 2:19 (KJV).