02.03.2010 - Doing god's work
From WSJ: The global market for Shariah-compliant assets, which conform to a body of Islamic religious laws, is estimated to have grown by 35% to $951 billion between 2007 and 2008, according to International Financial Services London. But the U.K.-based organization says the industry, facing a number of challenges, "paused for breath" in 2009. At the start of the credit crunch, Islamic finance was held up as a model of good governance. The extra layer of scrutiny provided by their Shariah boards of Islamic scholars ensured strong risk management—or so the argument went............................................Full Article: Source
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