Islami Bank takes emergency Tk 8,000cr from BB

[BananaRepublicUK]

Tbh, it is the same thing in a new package. In reality and from my experience, Islamic mortgages end up costing the borrower more, the rates are higher, the fees are higher and the process takes forever.

To me it's another scam to fool decent Muslims into paying more for the same money.

They even follow LIBOR, adjusting rates in line with Bank of England base interest rate.

It is a scam invented by the Arab Sheikhs to fleece ordinary Muslims.

You will see all these “Islamic Mortgages” are underwritten by Arab Sheikhs.

It is a nice money earner for them.

 

[bluesky]

Tk30,000 crores have been stolen by Hasina via S. Alom. This Tk8,000 crores will not mend IBL difficulties.

I ask Hasina to return that big money.