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Islamic finance is a washout
Near the top of the article:
A supervising director for Dubai Financial Services Authority says, "It was a very good idea ... it was just slightly unfortunate timing."
But the penultimate paragraph gives the game away:
While the pool of sharia-compliant equities is considerably bigger in most Muslim countries, Islamic asset managers still have far fewer investing choices than conventional managers who have the alternative of interest-based instruments.
Posted by: ryuge 2010-12-01
http://www.rantburg.com/poparticle.php?ID=310867