Referencing Religion


According to Standard & Poor’s Ratings Services, sharia-compliant assets reached approximately $400 billion in value in 2009, with the largest value of banking assets being held in Iran. It’s an attractive, if complex, area of investment. Earning profit through interest is not permissible under Islamic jurisprudence; risk needs to be shared in specific ways, and investments in institutions such as those that engage in pork production, gambling, pornography, alcohol sales and other items that are

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