Foreign Policy blog on Islamic finance

David Bosco, writing to the Foreign Policy editors' blog commented on the Financial Times story about Pakistan's new sukuk issue, but avoided substantial discussion of what Islamic finance is. Instead, he ended the post with "The association of Islam with terrorism has prevented the United States from becoming a player in this area. And Arab governments outside the Gulf, such as Egypt's, have been wary of strengthening the financial clout of the Islamist opposition and setting up competition for state-run banks."

While the industry has not become as significant a player in the financial industry in the U.S. as it has in majority Muslim countries like Malaysia, there are several home finance banks that offer Shari'ah-compliant financing, as well as several mutual funds.