Conventional banks love “islamic” banks

Written in

by

So called “Islamic” banks are basically built to work almost the same way regular riba banks do. Because of this, many of the biggest banks in the world support the idea of “Islamic” banking and even offer their own Islamic style products. These big banks have special sections / branches just for Islamic finance, such as:

1. HSBC (HSBC Amanah)

2. Citi (Citi Islamic Investment Bank)

3. Standard Chartered (Saadiq) One of the biggest

4. BNP Paribas

5. Deutsche Bank

6. JP Morgan (mostly for investments)

7. UBS (for wealthy clients)

8. Morgan Stanley (investment products)

9. Goldman Sachs (especially with sukuk)

Leave a comment

Moro Blanco

A place where I write, compile, and share things that interest me from a wide range of topics.