America’s pain is Muslim world’s gain. If you have any doubt about this, just read about a huge rise in investments in Shariah mutual funds and other investments.
All over the world investors are looking for a safe place to invest their money after the collapse of American market and the turmoil in Europe and other places.
This situation had even caused a major rise in gold prices also as people rushed to buy gold following the global market meltdown.
After experimenting with several options, investors have now zeroed in on Shariah investment options like mutual funds and stocks that comply with Islamic laws.
In fact, these options are giving the people more benefits than anything else in the world now.
However, for most of these newcomers in Shariah fund it is not religion which driving them to this sector. In fact, they are desperate to survive turmoil in the market.
Shariah funds comply with Islamic laws. Quran prohibits paying or receiving interest; investments in financial services firms are generally eliminated from Shariah-based funds too.