Trinidad Islamic Banking Service (ibs)

Trinidad Islamic Banking Service Ibs - Trinidad, Tobago / Caribbean - Posted: 24th Aug, 2012 - 12:02am

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Post Date: 13th Apr, 2009 - 11:53am / Post ID: #

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Trinidad Islamic Banking Service (ibs)

Trinidad Islamic Banking Service (IBS)

Investors who pumped more than $35 million of their hard-earned cash into the Islamic Banking Service (IBS) yesterday expressed worry about if they would get back their investments as promised by the Government and the Central Bank. Ref. Source 8

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24th Aug, 2012 - 12:02am / Post ID: #

ibs Service Banking Islamic Trinidad

The current government is investing $100 million dollars into Islamic banking. I thought it was interesting that in Islamic banking there is no interest paid on loans. That sounds good but then how does the bank sustain itself?




 
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