yeah, there is such a thing I'm afraid...
Sukuks - Islamic bonds. They allow for Credit Default Swaps...acceptable under shariah law because it is not making money from money but instead earns a premium for providing a service and share the profits.
Also is the recent launch of the Dow Jones Market Islamic Indexes - companies that dont trade in alcohol or tobacco, and don't take on companies with a large debt ratio
Ah the life of a finance journo zzzzzzz
Posted By: Stoopish on July 24th 2007 at 13:01:00
Message Thread
- Muslim stocks and shares must be a bit boring though (n/m) (General Chat) - Steve in Holland, Jul 24, 12:40:43
- Sharia Law does not allow profit through others' labour, (General Chat) - tudders, Jul 24, 12:51:04
- yeah, there is such a thing I'm afraid... (General Chat) - Stoopish, Jul 24, 13:01:00
- *don't* (General Chat) - pants, Jul 24, 13:03:38
- good arrows sir (n/m) (General Chat) - Stoopish, Jul 24, 13:04:38
- *don't* (General Chat) - pants, Jul 24, 13:03:38
- yeah, there is such a thing I'm afraid... (General Chat) - Stoopish, Jul 24, 13:01:00
- Sharia Law does not allow profit through others' labour, (General Chat) - tudders, Jul 24, 12:51:04
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