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Shariah rules in Islamic investment

As modern Islamic finance continues to expand worldwide, Timothy Spangler of Kaye Scholer examines its religion-imposed restrictions

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

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