Here on Shariah Finance Watch we have devoted a great deal of time and effort toward debunking the myth that Shariah-Compliant financial products and institutions have weathered the economic storm. Here are a few recent examples:

http://www.shariahfinancewatch.org/2009/05/26/shariah-compliant-finance-growth-slows-due-to-poor-performance/

http://www.shariahfinancewatch.org/2009/05/11/stress-testing-shariah-compliant-finance/

http://www.shariahfinancewatch.org/2009/04/23/shariah-compliant-finance-as-a-safe-haven-myth-and-reality/

This is necessary because the promoters of Shariah-Compliant Finance routinely tell tall tales about the performance of shariah-compliant assets, claiming that they have weathered the storm and outperformed conventional assets.

Rarely do they bother to offer any empirical evidence to support these claims.

Recent statements by┬áDr. Humayon Dar certainly fall in the category of curious. Dr. Dar makes the routine claims about the supposed superior of Shariah-Compliance and, predictably, offers no numbers to back up his claims…

http://www.gulf-daily-news.com/NewsDetails.aspx?storyid=251520

 

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