47. Deputy Derek Nolan asked the Minister for Finance if any interest has been expressed by third parties in seeking a banking licence to set up an Islamic bank in view of the 50,000 Muslim people resident here who, under sharia or Muslim law, are forbidden from paying interest on finance agreements to cater for their mortgage requirements; and if he will make a statement on the matter. [11008/14]

Summary

47. Deputy Derek Nolan asked the Minister for Finance if any interest has been expressed by third parties in seeking a banking licence to set up an Islamic bank in view of the 50,000 Muslim people resident here who, under sharia or Muslim law, are forbidden from paying interest on finance agreements to cater for their mortgage requirements; and if he will make a statement on the matter. [11008/14]

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Timeline

1. 5 March 2014

   Banking Licence Applications

   47. Deputy Derek Nolan asked the Minister for Finance if any interest has been expressed by third parties in seeking a banking licence to set up an Islamic bank in view of the 50,000 Muslim people resident here who, under sharia or Muslim law, are forbidden from paying interest on finance agreements to cater for their mortgage requirements; and if he will make a statement on the matter. [11008/14]

   Source: written

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1 official file

• Banking Licence Applications

  xml · EN · 5 March 2014

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Sponsors

• Nolan, Derek. · Asking member
• Finance · Finance · Addressed to

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