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Article: Opening arms to Sharia'a.
- Article from:
- Investment Adviser
- Article date:
- February 12, 2007
CopyrightCOPYRIGHT 2007 FT Business. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: With 1.6bn muslims worldwide, the financial services industry is embracing Sharia'a investment
The Islamic world has been thrown into the UK public sphere for varied and often negative reasons over the last few years, with a focus upon fundamentalism and ignorance towards Muslim beliefs. But as some areas of British society become more wary of the faith, it would seem finance is opening its arms to the possibilities of Islamic investment.
Monetary processes are subject to very different rules that require very specific vehicles to meet Muslim needs. Sharia'a, or Islamic law, literally translates to means "the way" or "path". Although some areas ...