Lloyds TSB Says Islamic Finance Will Keep Growing

A spokesman from Lloyds TSB has said that the bank expects the market for Islamic finance products, ie, those that are Sharia law compliant, to maintain its growth.

Lloyds TSB already provides a number of Sharia law compliant products, including student bank accounts, regular current and business bank accounts and also a mortgage. The bank spokesman expressed his opinion that these products would become more popular over times, and not only with Muslims who are their primary audience. Sharia compliant products can be used by anyone.

They key to selecting any financial product is that it should meet the customers needs, hence the provision of these Sharia compliant products by Lloyds TSB, but they can also do a great job for non-Muslims who are simply looking for a good bank account or mortgage.