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Clerics Shake Up Islamic Finance

Concern bonds violate Sharia causes crisis despite stable market

By Kevin Spak,  Newser Staff

Posted Sep 24, 2008 9:49 AM CDT

(Newser) – Of the challenges facing Western financial markets, fear of divine intervention isn’t one. The Middle East’s booming debt market is considered one of the most stable in the world, but investors there are getting a taste of “religious interpretation risk,” Portfolio...   Read full story »

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