Islamic funds

 www.islamreview.com

Muslims praying on “Main Steet” as it is time for prayers. Minerets in St. Louis, Islamic Centers in Dayton, and Now Shariah Finance next to “POP’S Soda Shop and Talbots”

comments by Allyson Rowen Taylor
 

Written by:
David Stevenson

Islamic finance is finally breaking into the mainstream. The driver for much of the growth in demand comes from Muslims who are looking for financial services that observe core Shariah ethical principles. However, another key factor has been growing oil wealth, with demand for ethical investments soaring in the Gulf region. Local stock markets have struggled to cope with this wall of money, forcing many Gulf-based investors to look overseas – and to London in particular with its many Islamic-compliant services. The UK also boasts a number of Islamic-compliant banks (five in total), including London-listed The Islamic Bank of Britain, which opened for business in 2004. This wave of new products and Islamic institutions has touched the debt markets, too – in April this year, the London Stock Exchange listed Sukuk, a Sharia-compliant bond.

continue reading at             http://www.investorschronicle.co.uk/InvestmentGuides/Funds/article/20081007/9e674232-9390-11dd-8351-00144f2af8e8/Islamic-funds.jsp

 

Leave a Reply

Looking for something?

Use the form below to search the site:


Still not finding what you're looking for? Drop a comment on a post or contact us so we can take care of it!