From: Richard Faulkner 
Newsgroups: uk.finance
Subject: Re: Oh, for goodness sake.........
Date: Sun, 6 Feb 2005 21:41:01 +0000

In message <36mentF51pbtnU1@individual.net>, Tumbleweed 
 writes
>
>"Layezee"  wrote in message
>news:HdmNd.150$c42.1@newsfe2-gui.ntli.net...
>> More bending over backwards by the hard pressed majority for the not so
>> down trodden big bloody chip on their shoulders minority......
>>
>> http://news.bbc.co.uk/1/hi/programmes/moneybox/4239187.stm
>>
>> Muslim families in receipt of Child Trust Fund vouchers are currently
>> unable to use them as the available accounts do not comply with Sharia
>> law.
>> Islamic law forbids all forms of financial interest and has strict rules
>> about the kind of products Muslims can invest in.
>>
>> And if the industry does not respond to the demand, in a year the Inland
>> Revenue will invest on behalf of these families, against their religion.
>>
>> However, the Inland Revenue told the BBC it hopes the finance industry
>> will set up a Sharia compliant account as there is nothing in the rules to
>> prevent it from doing so.
>>
>> The new Child Trust Fund (CTF) will be launched in April, and all parents
>> of children born from 1 September, 2002, are getting at least £250 from
>> the government to invest in special accounts for their child's future.
>>
>> There are currently 29 CTF accounts available in the UK, with some
>> allowing parents to save in interest-paying cash accounts, and others
>> which invest in shares.
>>
>> But as Ibrahim Mogra, a Leicester Muslim explained:
>>
>> "Unfortunately, at the moment there is no CTF where I could invest that
>> money on behalf of my child because the places where the government has
>> recommended are not Sharia compliant."
>>
>
>Let them set one up if they are so bothered about it.
>

I would have thought that there would already be a Muslim bank of some 
kind?

-- 
Richard Faulkner