Lloyds TSB banking releases Muslim account
www.moneynews.co.uk > Banking > Lloyds TSB banking releases Muslim account
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Money News |
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Lloyds TSB banking releases Muslim account
Tue 15th Feb 2005
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Lloyds TSB has initiated the new product, which it says will meet all the necessary criteria enshrined by Islamic or Sharia law, in an attempt to reach the two million followers of the religion in the UK.
The bank's current accounts director, Gordon Rankin, said demand for the product already existed.
"Our research shows that over three-quarters of British Muslims want banking services that fit with their faith,' he said.
"However, until now their banking needs have been largely uncatered for and many British Muslims have often had to bank in a way that is against their principles.'
It is thought other banks may now follow in the footsteps of Lloyds TSB.
Related News : Banking |
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Related News : LloydsTSB |
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