Business

Muslim Credit Union to Run on Fees, Not Interest, Founder Says

[Houston Business Journal]

As I reported last week, a group of Muslim investors have filed to charter a new no-interest credit union based in Houston.

Marketing to Shia Muslims in Houston, Dallas and Austin, the Jafari No-Interest Credit Union’s business model would rely on fees, rather than charging interest on loans to customers.

The credit union would also not pay any interest on deposit accounts.

READ MORE

Tags
Show More
Back to top button

My News Matters to me - Washington Informer Donations

Be a Part of The Washington Informer Legacy

A donation of your choice empowers our journalists to continue the work to better inform, educate and empower you through technology and resources that you use.

Click Here Today to Support Black Press and be a part of the Legacy!

Subscribe today for free and be the first to have news and information delivered directly to your inbox.


By submitting this form, you are consenting to receive marketing emails from: Washington Informer Newspaper, 3117 Martin Luther King Jr. Ave SE, Washington, DC, 20032, http://www.washingtoninformer.com. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact
Close

Adblock Detected

Please consider supporting us by disabling your ad blocker