*** DEBUG START ***
*** DEBUG END ***

Islamic banking for non-Muslims addresses Christian ethical concerns

by
23 October 2015

iStock

From Mr Ian Yearsley

Sir, — How good to see Huw Spanner referring to the Islamic Al Rayan Bank as a viable option for non-Muslims seeking ethical banking (Features, 16 October).

Ten years ago, when I was seeking just such an option, I opened an account with Al Rayan’s predecessor, the Islamic Bank of Britain. I did so not to match sharia imperative in the Qur’an, Surah 2.275, but the long-held and often forgotten Christian tradition in Exodus, Leviticus, and Deuteronomy.

Whether, like Aristotle, you see interest on loans as merely nonsense, or, with Aquinas, you see it as a forbidden nonsense, the Islamic Bank offers a way to avoid it, through profit-sharing.

My experience throughout has been good, and I would be willing to share it with anyone interested.

IAN YEARSLEY
170 Huntingfield Road
London SW15 5ES

Letters to the editor

Letters for publication should be sent to letters@churchtimes.co.uk.

Letters should be exclusive to the Church Times, and include a full postal address. Your name and address will appear alongside your letter.

Forthcoming Events

6-7 September 2022
Preaching as Pilgrimage conference
From the College of Preachers.

27-28 September 2022
humbler church Bigger God conference
The HeartEdge Conference in Manchester includes the Theology Slam Live Final.

More events

The Church Times Archive

Read reports from issues stretching back to 1863, search for your parish or see if any of the clergy you know get a mention.

FREE for Church Times subscribers.

Explore the archive

Welcome to the Church Times

​To explore the Church Times website fully, please sign in or subscribe.

Non-subscribers can read four articles for free each month. (You will need to register.)