Geneva meet to debate Islamic mortgages

UK - A Bank of England working party, which includes representatives of commercial banks and the Treasury, is investigating the wider introduction of Shari'ah compliant house mortgages in the UK, according to the UK's Observer newspaper.

The working party has been looking at the issue for over six months and banks such as Citigroup and Barclays are "eyeing a lucrative market if they crack the problem," the UK Sunday newspaper reports.

According to wealth analysts Datamonitor, the 5,000 richest