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, Jul 24, 13:01:00