News From : DagangHalal.com (10 Jun 2009)
Exhibitors from the UK’s Islamic finance industry are getting together to inform visitors of the wide range of Islamic banking, home finance and insurance products they now have available to them.
Visitors can learn how Islamic finance provides an alternative to conventional UK finance – one that is ethical, transparent and Shariah compliant.
The road show will kick start in Sunday 14 June at the Croydon Mosque and Islamic Centre followed by Regents Park Mosque on Saturday 27 June and East London Mosque on saturday 18 July.
The Croydon event will be opened by Mufti Abdul Barkatullah, who will give a 10 – 15 minute overview of the difference between conventional and Shariah-compliant products.
This will be followed by an open floor Q&A session allowing visitors to ask general questions about Islamic finance. There will also be an opportunity for visitors to browse the individual stands set up by the exhibitors, ask questions and discover more about the Shariah-compliant products on offer in the UK. Refreshment will also be provided.
The exhibitors include: Salaam Halal insurance, Islamic Bank of Britain, HSBC Amanah, alburaq, Abacus Wills and Markfield Institute of Higher Education.
The road shows have been organised by Shariah compliant motor insurance provider Salaam Halal insurance.
Salaam Halal insurance business development manager, Abid Shakeel, said: “We are delighted to be hosting a number of events across the country, aimed at raising awareness of the finance options that are now available in the UK. The events have proved popular with Muslims who are looking for options that are compliant with their faith, and non-Muslims looking for ethical products and an alternative to main stream financial services.”
Visitors will be able to find out about Islamic Finance products such as, Takaful-based car and home insurance, Home Purchase Plans (Islamic mortgages), current accounts, saving accounts, business banking and finance facilities, personal finance options, Islamic wills and Islamic Child Trust Funds.
Manager at the Islamic Bank of Britain, Ali Vania, said: “We’re expecting a lot of interest in the Islamic Finance Road Shows. As faith based forms of ethical financial services, Islamic banking and insurance products are now more appealing than ever due to the credit crunch and general economic uncertainty. We look forward to seeing new and familiar faces on our stand at the events.”
Managing Director, Abacus Will Writers UK Ltd, Tehsin Aslam added: “I am proud and delighted to be associated with the Islamic Finance road shows. In these uncertain and turbulent times it is important for the world to learn and understand how to plan for the future. I believe this is a unique opportunity to make a profound difference in the way the British Muslim Community and non-Muslims plan for their future. I congratulate the Islamic Finance Road Show for this magnificent achievement and wish them future success”