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Opening the Gate

All the talk in the financial markets is about going back to basics. This drive towards simplicity and transparency is what underpins Islamic finance. Matthew Attwood speaks to two senior executives from recently launched sharia house Gatehouse Bank about a growing acceptance of Islamic financing

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Are all your activities sharia-compliant?

James Bagshawe, chief financial officer: Absolutely. Everything is sharia-compliant.

All our contacts went through our sharia board, ranging from virtually the photocopier contract upwards. Our corporate social responsibility is based very much on sharia principals. We have done a lot of due diligence, and our shareholders are sharia-compliant too.

So the

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