Thailand could issue its first sovereign sukuk in 2008.
The Economist has a description of the growth of the GCC region financial centers in Bahrain, UAE and Qatar.
Shari'ah Capital, a New Canaan, Connecticut-based firm is working with Barclay's to offer the first Islamic hedge fund. The fund uses Shari'ah-compliant alternatives to options and short selling and will allow investors to choose from several different hedge fund managers and investment strategies.
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