by Christopher W. Holton

The Western embrace of Shariah through the financial backdoor is sometimes overt…and at other times more subtle. In this case, by accepting Shariah-compliant bonds into their emerging markets indices, JP Morgan Chase is normalizing Shariah in a subtle way…

U.S. investment bank JPMorgan will include Islamic bonds, or sukuk, in its emerging markets indices for the first time from later this year, widening the appeal of Islamic instruments among global debt investors.

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