Sunday, April 18, 2010

Islamic finance

An interesting read about sukuk, a type of Islamic finance.

The article is not long but it talks about problems such as enforcement as any asset is in the jurisdiction of the shariah law and anything seen as not falling within the lines of the law would be considered invalid. Trouble is that there is no single, universal body of law that stipulates and decides what is the standards and as such enforcement is seen as somewhat arbitrary.

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