Shariah rules in Islamic investment


Modern Islamic finance is just 30 years old. Despite its relative youth, the sector has seen rapid (and accelerating) growth, increasing from $10m in 1975 to over $250bn now under management with dedicated Islamic banks, together with another $200bn with units of conventional financial institutions.

This expansion has attracted the interest not only of conventional bankers and borrowers, but increasingly investment fund structurers and promoters. Western investment management firms are working

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