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I'm not sure what this has to do with the rise of Islam. Interest (paying or charging) is prohibited in Islam. It is seen as exploitative and causes people to go into debt in ways they do not often recover from. This is just a way to allow Muslims to invest in Britain without violating their religious beliefs.
Usury was prohibited among Israelites by Deuteronomy 23:19-20, although an Israelite could charge a foreigner anything he wanted! One of the kings of England forced Jews to convert to Christianity or be expelled and have all their assets seized. Many Christian thinkers throughout history have taught that usury was either evil or not beneficial, and in some cases it has been completely outlawed.
So maybe it's not about the rise of Islam, but the recognition of the evil of usury, which all these three - Judaism, Christianity, and Islam - have at various times taught.
Usury was prohibited among Israelites by Deuteronomy 23:19-20, although an Israelite could charge a foreigner anything he wanted! One of the kings of England forced Jews to convert to Christianity or be expelled and have all their assets seized. Many Christian thinkers throughout history have taught that usury was either evil or not beneficial, and in some cases it has been completely outlawed.
So maybe it's not about the rise of Islam, but the recognition of the evil of usury, which all these three - Judaism, Christianity, and Islam - have at various times taught.