Providing financial services to members of the Islamic faith requires sensitivity to both religious and social mores.
In response, the World Council of Credit Unions has issued what it believes to be the first guide to financial services that are Shariah-compliant and adhere to requirements set forth in the Quran.
The 305-page guide, produced in conjunction with the Customer Owned Banking Association, WOCCU's member organization in Australia, is based on experiences WOCCU gleaned from establishing credit unions in Afghanistan, called Islamic investment and finance cooperatives, during the international trade group's development project there from 2004-2012.
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