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HSBC is the bigest on the world in islamic finance and they have affilite programm for unislamic product in CJ
but nothing for islamic product
it is a very fast growing industry in the world and ther is a high demand for it in Europ and USA as well as islamic countries
Don't wait for some suit to think up Islamic Banking AM... get on the phone, talk to someone, arrange a meeting, make a proposal, offer to introduce them to someone you are in contact with at an AM network.
At the same time, write emails to your contacts at AM networks, (if you don't have any, make some!) push the idea of having that merchant on board as a client.
The AM networks like to position themselves as "middlemen" because they link up merchants and publishers. But it is Affiliate Marketeers who are more accurately described as "middlemen" because we are familiar with both the industries we write about and with the Affiliate Marketing sector.
So be the fixer.
Doesn't Islam prohibit charging interest on loans? Don't Islamic banks operate in significantly different ways than most banks?
Not significantly different, but different nonetheless.
A European bank (say) would lend you EUR 5000 to buy a car and you would then pay that EUR 5000 back with the interest accruing all the time on the unpaid balance.
An Islamic bank, by contrast, would buy the car.
Then it would resell the car to you at a new price, say EUR 6000, and you would agree to pay EUR 300 to the bank every month until the sum was paid.
Hey presto, no money-lending involved. (Cough.)
any way i will try ur advice ronin, but i thought u might know banks that already offer affilite program for its islamic product
I don't think there are any AM programmes for this kind of thing yet, unfortunately. I wish the best of luck in bringing the right people together and getting one started.
But to be honest with you, I don't believe they have ever thought of having affilates (that too online). The last time I called quite a few banks in Dubai, UAE looking for a MOTO merchant account, I found myself explaining what it is (losing hope inside, and thinking what a waste of time), and all they had to do was transfer me from one department to the other to finally end up being disappointed.
I don't want to discourage you, but just to remind you that you will need a little extra effort and a bit of a capital to deal with those people.