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Article: Muslims in the Muddle
- Article from:
- Islamic Horizons
- Article date:
- March 1, 2009
- Author:
CopyrightCopyright Islamic Society of North America Mar/Apr 2009. Provided by ProQuest LLC. (Hide copyright information)
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How are Muslim Americans faring in the current economic crisis? BY PARVEZ AHMED
Stock markets are a leading indicator of economic health. During 2008, investors in the American stock market lost $6 trillion! The international news is no better: in 2008, Germany's DAX 30 index lost 30%, Tokyo's Nikkei 225 index fell 35%, Shanghai's SSE plunged by 59%, Kuwait's dropped 36%, die UAE's DFM stocks shed 72% of their value, and India's Sensex index suffered a 45% drop. When Moscow's stock exchange declined by more than 70%, Moscow temporarily shut it down
to prevent its collapse. Last November, Kuwait's stock exchange obeyed a court-ordered closure after investors complained diat die government ...