Play Live Radio
Next Up:
Available On Air Stations
Our transmitter in Willow Creek is off air. We're working with the manufacturer on a solution. We apologize for the inconvenience.

Episode 701: A Bank Without Interest

University Bank is a community bank in Ann Arbor, MI. When they started offering Islamic Finance products, things got complicated
Courtesy of Stephen Ranzini

Stephen Ranzini runs University Bank in Michigan, and he prides himself on serving the local community. But one day, a Muslim man walked into his office and said: If your bank is so great at community service, how come you're not serving my community?

According to many scholars, Islamic law prohibits charging interest. Interest, of course, is pretty fundamental to banking.

Stephen Ranzini decided to find out: Is it possible to do what a bank does without charging interest?

Music: "Now Son" and "Done Talking." Find us: Twitter/ Facebook.

Copyright 2021 NPR. To see more, visit