JAK, Sweden's Safest Bank
Sammy Almedal, CEO, JAK Members Bank
16-May-16 08:05
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Sweden-based JAK Members Bank is a member-owned, cooperative enterprise that operates on an interest-free savings and loan system. It's been called the safest bank in Sweden. Can a bank operate successfully if it does not charge interest on its loans?
Sammy Almedal, CEO of JAK discusses the similarities of its model of interest-free banking with Islamic finance.
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Tags: Islamic finance, Sweden, negative interest rates, ethical banking
