Whitby backs expanding Islamic finance
Council leader Mike Whitby has thrown his weight behind plans to promote Islamic finance in the city to give more economic opportunities to budding entrepreneurs.
And he said he supported the bank's mission to promote "ethical" enterprise.
Coun Whitby (Con Harborne) said: "The real strength and opportunity for this city lies in its diversity and the scope for energy and enterprise that this creates for us. It is a feature where Birmingham leads the world. The particular ethical base of IBB is another example of this and I know that it will continue to thrive here.
"I want us to work together to ensure that the bank's presence here translates into business growth among communities that may feel excluded from other financial avenues and address directly problems of social exclusion and other disadvantage."
Does this mean that 'western' finance is unethical?!?!?
1) Whitby backs expanding Islamic finance