The challenge of standardising sharia compliance

Seeking harmony


Once more tipped as a potential rival to the dominance of conventional financial markets in the wake of the global economic crisis, developments in the past few years have allowed Islamic finance to blossom into a recognised alternative market for investments. The financial crisis, amplified by the onset of the eurozone's sovereign debt traumas and the uncertain outlook in the US since last August, has served to emphasise the attractions of a safer, more stable alternative to conventional

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