Monday, July 30, 2007

Islamic finance critique, sukuk and ETFs

The Washington Post has an article describing a few critiques of Islamic finance.

Financial Times' Lex column notes the lack of use of Islamic finance in some countries like Indonesia, although sukuk now represents 76 percent of all bonds issued in Malaysia.

Japan's second-biggest securities firm, Daiwa, will list a Shari'ah-compliant exchange traded fund on the Singapore exchange which tracks Shari'ah-compliant Japanese equities.

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