IslamicFinance.de

According to the 2019 Islamic Finance Consumer Report from Gatehouse Bank, several new faith-based lending or savings accounts have been launched in the UK, but only 54% of Muslim consumers have tried any of them. Gatehouse Bank CEO Charles Haresnape sees that most people don’t really understand Islamic finance, even Muslims don’t understand it. He said that Gatehouse is intent on developing the Islamic finance sector in Britain. Haresnape predicts growth for the UK Islamic finance market, driven by the country’s expanding young Muslim population, but said awareness and education would be key factors in driving uptake.