BNP: Lack of Shariah Standards Limiting Islamic Funds
On September 15, 2009 · In BNP Paribas, Islamic Economics, Islamic Finance, Sharia Compliant, Sharia Products, Shariah Finance
BNP is one of our least favorite banks. Not only are they a big promoter of Shariah Finance in the West, but they also are the banker of choice for the Ayatollahs in Tehran.
Nevertheless, they have provided us with some useful fodder today. They are whining because they essentially can’t get a straight answer from shariah authorities on financial matters and they say that is limiting the development of Islamic finance…
What did they expect from people like Mufti Taqi Usmani and Sheikh Yusuf al-Qaradawi?
Cry me a river, BNP…
http://www.iii.co.uk/news/?type=afxnews&articleid=7520572&action=article
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