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The Church of Scotland says it shares many values with Islam
Sharia law and Scottish Presbyterian morality may have more in common than previously thought.
The Church of Scotland has joined forces with Islamic finance experts to draw up a “practical ethical financial solution” to help the poor while sticking to the principles of both faiths.
The agreement, which will be announced on Tuesday, marks an unusual attempt to promote cross-religious financial innovation.
Backers say it is too early to say what “solution” the initiative could yield, but possibilities include the creation of a new financial institution with cross-faith legal articles.
“We are looking for something practical that can be implemented, that can be sustainable, and that can demonstrate social impact and commercial viability,” said Omar Shaikh, advisory board member of the Islamic Finance Council.
Sally Foster Fulton, convener of the church and society council of the Church of Scotland, said it had many shared values with Islam, including a scriptural bias in favour of the poor that meant “folk who are struggling need to be first in the queue”.
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Categories: Europe, Europe and Australia, European Union, Islamic Banking, Islamic Finance, The Muslim Times, UK