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SHARE Fahed Boodai was just another carefree 17-year-old in Spain, enjoying his first holiday with friends, when he heard the news that Saddam Hussein had invaded his homeland. It was a moment that Mr Boodai looks back on as one of several turning points, or “wake-up calls”, to have punctuated his life. The Gulf War that ensued and the part he would play in it shaped his psyche and career path in a fundamental way, not least because he had only $400 left in his wallet that August morning in 1990. Lacking the financial means to go back to the Gulf, to be closer to Kuwait, had a profound ef...

At a time of record low savings rates, any bank actually improving the rates they pay to savers is bound to raise an eyebrow or two.  But this is especially the case when it comes to Al Rayan Bank and Gatehouse Bank, two Sharia lenders which have upped their savings rates in recent weeks and now sit comfortably at the top of the independent This is Money best buy tables. Al Rayan tops our one-year fixed-rate tables with a 0.85 per cent deal that beats its closest competitor by 0.2 percentage points, while it and Gatehouse compete for the top spot when it comes to other fixed-term deals for b...

Sharia banks dominate the fixed-rate savings best buy tables: How do they work and why are their offers better than elsewhere? George Nixon For Thisismoney.co.uk © Provided by This Is Money MailOnline logo At a time of record low savings rates, any bank actually improving the rates they pay to savers is bound to raise an eyebrow or two.  But this is especially the case when it comes to Al Rayan Bank and Gatehouse Bank, two Sharia lenders which have upped their savings rates in recent weeks and now sit comfortably at the top of the independent This is Money best buy tables.