How Interest-Free Banking Works

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Article: How interest-free banking works. The case of JAK. by Ana Carrie. FEASTA, 2001

URL = http://files.uniteddiversity.com/Money_and_Economics/A_practical_look_at_interest-free_banking.pdf


Description

"In 2001, Feasta’s money group investigated the feasibility of establishing an interest-free bank in Ireland. The most promising way seemed to be to persuade the Swedish JAK Bank to establish an Irish branch. However, since JAK had no experience of running branches in Sweden, its directors turned the idea down. This is a report from a money group member who went to Sweden to study the bank."

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