Thomson Reuters has announced the launch of a risk management system specifically tailored for Shariah banking.

The Shariah authorities aren’t going to be real happy with this statement from Thomson Reuters however:

“From the trading risk perspective, Islamic finance operates in the same macro, tax, regulatory and legal environment as conventional financial services and has the same vulnerabilities to liquidity and confidence crises.”

Financial jihadists have long maintained that “Islamic” finance is insulated from risk and crisis by Shariah-compliance itself…


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