Recently concluded 2012 Global Finance Conference in Chicago, the USA had a Saudi Arabian participant researcher Dr. Dawood Ashraf, an Assistant Professor in Prince Mohammad Bin Fahd University (PMU).
“The economic downturn caused due to excess of leverage in the financial system hardly impacts Islamic Mutual Funds (IMF),” said the PMU researcher after analyzing relative performance of IMFs with the conventional funds in Saudi Arabia that constitutes for more than 20% of world’s Islamic capital market………………………………………..Full Article: Source