Chicago native Mariam Khan never considered Islamic banking until her husband moved the family to Dubai in 2007. But the 36-year-old housewife is a believer now as the Western debt crisis deepens. Her husband opened a family account with HSBC Amanah, the Islamic arm of international bank HSBC.
“When I look at the damage that an interest-based system has done to the U.S. and Europe, I can see why God forbids riba (interest) in Islam,” she said.
“I’m not particularly conservative as a Muslim but I definitely feel safer within Islamic banking.”
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