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Moves to plug the gap in Islamic finance carry risks

Posted on 10 August 2009

From Gulfnews.com: The Islamic finance world is huge and growing hugely,” says Chris Oulton, chief executive of Prime Rate Capital.
As yet, this upbeat description does not apply to money market funds, largely because the traditional short-dated instruments used in such funds are outlawed due to Islam’s prohibition on interest……….Full Article: Source

 
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