Thursday, 12 March 2009

The Netherlands Want to Become Centre of Sharia Banking

A quote from Wouter Bos, the Dutch Finance Minister (and leader of the Dutch Labour Party), 16 July 2007

[We want to encourage Islamic banking.] In the first place because Islamic banking meets a demand from the Muslims living in the Netherlands. In the second place because we see an opportunity here for the Dutch financial sector. A third reason is that banning Islamic banking from the perspective of fighting terrorism will have a counter-productive effect. Denial of an actual need can lead to money-flows running via alternative channels out of the sight of the government.
 
More on Sharia banking:

Islamic Banking in Britain, 12 February 2007

First Sharia Bank in Switzerland, 8 October 2006