RGE Monitor has come up with an excellent analysis of the Shariah-Compliant Finance industry and has pretty much debunked all the misleading and flowery reports about Shariah-Compliance providing a safe haven against the current economic decline and financial downturn.
It also reinforces another important aspect of Shariah-Compliant Finance that we’ve been writing about on SFW for months: Iran’s central and leading role in the spread of Shariah-Compliant Finance, as depicted in this pie chart:
Iran has more Shariah-Compliant assets than Saudi Arabia, Malaysia and Kuwait combined.
Unfortunately, while the RGE article points out the current and recent troubles with Shariah-Compliant Finance, they also point out that the long-term prospects for Shariah-Compliant Finance indicate that it will spread. All the more reason to be on guard.
http://www.rgemonitor.com/economonitor-monitor/256697/stress-testing_islamic_finance
