What about Shariah depositors?

A glance at the latest report from the deposit protection fund, omits two Shariah banks licensed this year – (Gulf African and Family Community) from the list of institutions whose deposits are protected by the deposit protection fund (DPF)

A further reading of Islamic banking indicates that such banks guarantee depositors funds – but then don’t all banks do that?

2 thoughts on “What about Shariah depositors?

  1. coldtusker

    I thought strict muslims considered insurance to be “haram”… am I mistaken?

    If I deposit money in an islamic bank, do I earn interest?

    If I can’t earn interest, what benefit/s do I receive for “depositing” money into a shariah account?

Comments are closed.