A Hometown Bank Heeds a Call to Serve Its Islamic Clients (NYT)

Until a stranger without an appointment showed up one day in late 2001, Stephen L. Ranzini was feeling rather pleased with himself. University Bank here, which he led as president, had just won a national award for community service. The honor attested to Mr. Ranzini’s success in working with local black ministers and a nonprofit agency to increase home-ownership in African-American neighborhoods.
Then, disturbing the aura of satisfaction, a well-dressed man arrived and insisted on seeing the president. “If your bank is so outstanding for community service,” the visitor said, as Mr. Ranzini recently recalled, “how come you’re not servicing my community?”
What community, the banker asked, would that be?
“I’m a Muslim,” the man responded.
Mr. Ranzini started to explain that University Bank already had plenty of Muslim customers, hardly a surprise in a college town in the area of southeast Michigan with the largest concentration of Arab-Americans in the United States.
That answer did not satisfy the visitor. Those Muslims, he said, were paying or earning interest.
“So what?” Mr. Ranzini said. Wasn’t interest sort of the whole point of what banks did?
Over the next 10 minutes, Mr. Ranzini, a Roman Catholic executive who had grown up in the vanilla suburbs of New Jersey, started an education that would ultimately transform an otherwise conventional hometown bank into a national leader in the growing specialty of Islamic finance. This year, the bank won an award from the American Bankers Association largely for its service to Muslim clients. (continue at NYT)
More Americans Say They Have NO Religion, (AP)
Fifteen percent of respondents said they had no religion, an increase from 14.2 percent in 2001 and 8.2 percent in 1990, according to the American Religious ...
Survey results: http://www.americanreligionsurvey-aris.org/ (hat tip Michael)
Fewer Christians and More Muslims in America, (Bob McCarty Writes)
Americans are slowly becoming less Christian and more Muslim, according to the just-released update to the American Religious Identification Survey conducted by the Program on Public Values at Trinity College in Hartford, Conn.
Specifically, the percentage of Christians in America, which
declined in the 1990s from 86.2 percent to 76.7 percent, has now edged
down to 76 percent. Conversely, the Muslim proportion of the population continues to grow, from .3 percent in 1990 to .5 percent in 2001 to .6 percent in 2008. [snip]
To view the pdf version of the survey findings, click here. (continue reading at Bob McCarty Writes)
Dr. Phyllis Chesler writes:
Frank J. Gaffney says:
Americans turning from faith will weaken this nation. What is the answer? Many people return, or turn, to God when they are confronted with some tragedy. Let's hope it doesn't take a national tragedy to turn these trends around.
See my previous post on religion and faith here.























i hate to say it, but it will take a tragedy for people to turn back to the Lord. unfortunate, but s.o.p.
as for me and my house...
Posted by: nancz | March 10, 2009 at 10:31 AM
Thanks everybody, and thanks for the links. I'll check them out.
Also thanks for putting up with TypePad while they revamp their comment options.
(I hate typepapd)
Posted by: Debbie | March 10, 2009 at 10:21 AM
It's the same everywhere in the western world, christianity is dropping, while islam is growing. It's a result of the leftist infiltration in our society, they work to push the church away from the public space and succeed in pushing it out of the private space as well. Then the resulting void has to be filled, in steps Islam. Thanks to a compliant, dishonest media, most won't know the truth about Islam and will sign up thinking it's a utopia on earth or something.
Posted by: MK | March 10, 2009 at 04:24 AM
Lets indeed hope but as you said it'll take a 912 to wake up that group again and this guy won't handle the aftermath like Bush did.
I have a post today about the In God We Trustphrase that is a poll on MSNBC with 12 million responses/ http://tiny.cc/T9yLM
He's already crumbling under pressure since he's never run a business much less a Superpower.(ps I like the colors);>)
Posted by: Chicagoray | March 09, 2009 at 11:03 PM
Well, if churches around my area weren't so stuck up in what you wear to church, and if they would quit worrying about hearing coins in their collection tin, then maybe more people would show up and there'd be a better turnout.
This is the underlying reason I cannot deal with man-made religion. I still read my Bible and even participate in an online biblical discussion group on facebook.
Posted by: Steve Harkonnen | March 09, 2009 at 07:22 PM
Bob: I would love to change the colors, but I don't have many choices with the cheap version of TypePad I have. The other choices really suck. I'm afraid I'm stuck with this one.
Posted by: Debbie | March 09, 2009 at 05:28 PM
The Muslims are relentless in their mission to irradicate the Jews and Christians and what better way to infiltrate then by legitimate businesses?
Remember the spider and the fly?
Posted by: Leticia | March 09, 2009 at 04:46 PM
Debbie,
Great reports. Disturbing content. Related: You might want to consider changing your site's background from being black (dark) to being white (light). Be the light, you know. Keep up the good work!
Posted by: Bob McCarty | March 09, 2009 at 04:34 PM
Let's hope it doesn't take a national tragedy to turn these trends around...it always does Debbie..so sad.:(
Posted by: Angel | March 09, 2009 at 04:04 PM