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Old 07-01-2012, 11:52 PM   #30
datingcrew

Join Date
Oct 2005
Posts
380
Senior Member
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Insha Allah things will change, Muslims in the UK will start to select leaders in their communities who will take Muslims forward, towards halal loans.

One possible solution...though I am not sure I know how it would work amongst Muslims. The BBC recently had a page about peer to peer money lending

http://www.bbc.co.uk/news/business-18370777

it by-passes the banks and put lenders and borrowers in touch directly. Muslims might be able to do something similar but of course they do not charge interest. Maybe money could be borrowed to some other Muslim in return for a share in the property or business? I think it is a good opportunity which some Muslim may undertake...think about the rewards from Allah if someone does it.
Muslims have been doing p2p lending in UK,US and Canada for over 50 years...I personally was involved in one nearly 20 years ago !!

Im sure many muslim families do the same, they call it a "Committee" in charming colloquial English/Urdu.

The BBC is slow on the story
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