17.07.2012 - ShariahShares serves Muslims' investment needs
About two in seven people on the planet are Muslim. At about 6.5 million people, Muslims account for about 2% of the U.S. population. Saied Hamedanchi believes they're an underserved niche market in the investment industry. As founder and CEO of Irvine, Calif.-based ShariahShares, Hamedanchi is developing ETFs that invest according to Shariah law or the moral codes of Islam. The $77 billion in Shariah mutual funds currently are merely a speck among the trillions invested in the market..............................................Full Article: Source
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