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In Qatar, gambling is illegal. Sheikh Abdullah Bin Nasser plans to replace bookmaker William Hill Plc as jersey sponsor of his newly acquired Malaga soccer team because of his religious beliefs.
“We don’t want to turn everything upside down and cancel contracts but let’s put it this way: I’m a smoker but I don’t smoke in my home because these are the rules and I want to protect my family,” the Sheikh’s business associate Abdullah Ghubn said in an interview at Malaga’s training ground.
But it’s not just the Sheikh’s own personal religious beliefs that are of concern.
Islam’s ban on gambling has pushed Islamic finance institutions to shun investments in companies that have direct link with the industry.
William Hill is the United Kingdom’s second biggest bookmaker.
Jagajeet Chiba, Gambling911.com
