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Islamists look to shake up Egypt stock exchange

Posted on 20 January 2012

It remains unclear what exactly an Islamist-controlled government could mean for the Egyptian economy, which is heavily dependent on tourism. In recent months, talk from Islamist politicians about limiting alcohol sales and dictating conservative beach attire have spurred fears that an Islamic government may toe a conservative line and crack down on industries they consider in contravention of Islamic Sharia law.
Representatives from the Muslim Brotherhood’s Freedom and Justice Party, which will control about 40 percent of the incoming parliament, and the Nour Party have both expressed a desire for a list of stocks for Sharia-compliant companies on the Egyptian market and the introduction of policies that would eventually foster a stock market that would be entirely religiously acceptable………………………………………..Full Article: Source

 
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