Derek Nolan (Galway West, Labour)
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47. To ask the Minister for Finance if any interest has been expressed by third parties in seeking a banking licence to set up an Islamic bank in view of the 50,000 Muslim people resident here who, under sharia or Muslim law, are forbidden from paying interest on finance agreements to cater for their mortgage requirements; and if he will make a statement on the matter. [11008/14]

Michael Noonan (Limerick City, Fine Gael)
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To date, no application for a bank licence has been received by the Central Bank for any bank to offer retail products under Sharia'h law in the Irish domestic market.