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Economy
Islamic finance is a washout
2010-12-01
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

#2  Progressive finance is a washout too.
Posted by: CincinnatusChili   2010-12-01 18:26  

#1  my favorite paragraph was this one,

"Consultants Ernst & Young warned that the Islamic fund industry has stagnated, with 27 Islamic fund liquidations last year, almost the same number as the 29 funds launched."
Posted by: Lord Garth   2010-12-01 13:49  

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