The article claims that one of the attractions of Shariah Finance is “transparency,” but that is total bunk. The fact is, the promoters of Shariah-Compliant Finance have no desire to disclose many relevant aspects of these products. This lack of transparency has in the past led to money being funneled to Muslim charities that have in turn distributed funds to terrorist groups.
Global economic woes to turn spotlight on sharia funds
- Reuters, Friday November 28 2008