| From Thenational.ae: Many sovereign wealth funds (SWFs) have exposure to Sharia-compliant, publicly listed screened companies. The government pension fund of Norway reported in last year's third quarter that nine out of the top 10 investments were Sharia-compliant. HSBC Bank is the only exception.
According to Monitor-FEEM Research's five-point definition, there are 35 sovereign funds, just over half of which are from Muslim countries. The question to ask is twofold: has the time arrived for Islamic SWFs and what are the implications?.............................................Full Article: Source
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