Tuesday, February 24, 2009

Islamic financiers meet as downturn bites business


Reuters:Scholars, lawyers and investors will gather on Tuesday to discuss the future of Islamic finance just as the industry once thought resistant to the global downturn is showing signs of weakening.

Islamic finance had been seen as relatively safe until recently, because its ban on interest and strict guidelines on speculative instruments such as derivatives and hedge funds meant it had largely avoided toxic assets...Read More

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