| From Bloomberg: The Islamic finance industry must widen the pool of money-market securities available to help companies and investors manage risk more effectively, according to an official at a Bahrain-based standard-setting agency.
Shariah-compliant financial institutions should also broaden their investment portfolios to limit “overexposure” to any single industry, said Mohamad Nedal Alchaar, secretary- general of the Accounting & Auditing Organization for Islamic Financial Institutions. Assets held by these institutions may expand 10 percent annually from $822 billion in 2009, he said..............................................Full Article: Source
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