03.02.2011 - Is your economy sharia compliant?
From Guardian: Our system of sovereign sukuk ratings could benefit the global economy and promote better cross-cultural relations. Think of two of the most common problems highlighted in today's news: the state of the global economy and violence at the hands of Islamists. Here's a possible remedy to both: a sovereign sukuk rating system. Such a rating would show which economies are sharia-compliant and hence suitable candidates for asset-backed Islamic bonds in the form of sovereign sukuks. The metrics used in such a rating would mean that countries would be judged on their default risk, as well as on how ethical (and hence how Islamic) their economies are..............................................Full Article: Source
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