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JAK, Sweden's Safest Bank

Sammy Almedal, CEO, JAK Members Bank

16-May-16 08:05

JAK, Sweden's Safest Bank

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


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