Attitude of Muslims in the UK towards Islamic finance

While Islamic financial products are being provided to Muslims in the UK (through windows in conventional banks), these products should also be marketed towards non-Muslims who support an interest-free banking system. This article summarizes the results of a study conducted by Loughborough University in East-Midlands, a region with a high proportion of Muslims, to determine theier attitudes towards and needs for Islamic financial services. There may not be a great demand for Islamic savings accounts, and there already exist non-interest yielding current accounts. The study determines four groups of potential Muslim users of Islamic services: conservative educated and financially stable, liberal educated, professional recent immigrants from Muslim countries, and less educated conservatives. One obstacle to marketing Islamic financial services is the skepticism of many towards what is perceived to be a profit motive by Islamic financial institutions, a perception that could be mitigated