VOL. XXXV
NO. 15
13-JANUARY-1992
Financial and Banking News
Regional Banking
Religious Authorities in Saudi Arabia Condemn Use of Interest: TantawiSeeks Middle Way in Egypt
Saudi bankers are shrugging off recent statements by Shaikh 'Abd al-'Aziz ibn'Abd Allah Bin Baz, the highest religious authority in Saudi Arabia, advisingMuslims to have nothing to do with institutions whose accounts are based oninterest. The teachings of Islam, and the Quran itself, condemn the paying orreceiving of "riba,"...
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