Institutional Investor has published a celebratory article about “Islamic finance.”

The article starts off by telling the truth, namely that the market for Islamic bonds dried up last year as a result of the economic crisis, but it only uses that as a set up for telling a story of how the future for Islamic finance is actually bright.

This kind of uncritical analysis by Western media is unfortunately the rule and not the exception. You can read a fragment of the article at the link, though you will have to register with the web site to endure the whole report…


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