A new High Street bank account compatible with Islamic sharia law has been introduced in 2005, follows the opening of a specialist Islamic bank in the UK in 2004. Gordon Rankin of Lloyds TSB said this account would make Islamic banking "mainstream".
Until the opening in 2004 of the first UK-based specialist financial institution - the Islamic Bank - moslems were able to access sharia-compliant current account facilities only through Middle Eastern banks with branches in the UK.
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