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Notices
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Anonymous (not verified)
24th June 2013 | 10:53am

Obviously Sharia compliant finance is a very interesting and booming market, yet some caveats still seem in order. "Islamic finance is, generally speaking, approaching a crossroads and we have to ask ourselves which direction we will now take. It has been developed for a number of years now and it has become more and more widespread but a lot of the institutions that have adopted Islamic finance are now essentially doing an exercise in financial engineering. They look at which exact religious rules they have to obey and think that, within these rules, they can come up with anything. So they’re not really changing their philosophy and way of doing business, they’re just changing the instruments." - See http://www.halalmonk.com/ajaz-ahmed-khan-sharia-compliant-finance [https://www.halalmonk.com/ajaz-ahmed-khan-sharia-compliant-finance]