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
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?