Grahame Mcgirr & James Bagshawe

All the talk in the financial markets is about going back to basics. This drive towards simplicity and transparency is what underpins Islamic finance. Credit speaks to two senior executives from recently launched Shariah house Gatehouse Bank about a growing acceptance of Islamic financing

Are all your activities Shariah-compliant?

James Bagshawe, chief financial officer: Absolutely. Everything is Shariah-compliant. All our contacts went through our Shariah board, ranging from virtually the photocopier contract upwards. Our corporate social responsibility is based very much on Shariah principals. We have done a lot of due diligence, and our shareholders are Shariah-compliant too.

So the Shariah-compliant sector is benefiting from the return to traditional practices engendered by the

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