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U.S. legal win could help Islamic finance counter sharia concerns

Posted on 19 January 2011

From Reuters: A U.S. court decision to dismiss a case alleging that AIG’s sharia-compliant businesses promoted religious doctrine looks likely to boost confidence in the industry and lift sales of Islamic products in the longer term.
A Michigan district court rejected on Friday a claim filed by U.S. Marine veteran Kevin Murray in 2009 that the U.S. government violated the constitution by allowing funds from insurer American International Group’s $40 billion bailout to be used to fund its Islamic insurance businesses……………………………………….Full Article: Source

 
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