Here on Shariah Finance Watch we have devoted a great deal of time and effort toward debunking the myth that Shariah-Compliant financial products and institutions have weathered the economic storm. Here are a few recent examples:
This is necessary because the promoters of Shariah-Compliant Finance routinely tell tall tales about the performance of shariah-compliant assets, claiming that they have weathered the storm and outperformed conventional assets.
Rarely do they bother to offer any empirical evidence to support these claims.
Recent statements by Dr. Humayon Dar certainly fall in the category of curious. Dr. Dar makes the routine claims about the supposed superior of Shariah-Compliance and, predictably, offers no numbers to back up his claims…