The pathetic manner in which America’s elected officials have prostituted themselves to Saudi Arabia is surpassed only by the street walkers on Wall Street who are only too glad to do business with one of the world’s most barbaric regimes… BlackRock Inc has introduced an exchange-traded fund investing in Saudi Arabia, marking the first of its kind. […]
Seattle-based Falah Capital is preparing to launch a shariah-compliant exchange-traded fund (ETF) that tracks large US stocks, the latest shariah-compliant product to be issued in the USA. The ETF will be advised by Exchange Traded Concepts and Mellon Capital Management, with Bahrain-based Shariyah Review Bureau acting as shariah advisor. Readers of SFW may wish to […]
In the middle of last year, New Jersey-based Javelin Investment Management announced it would offer an ETF based on the Dow Jones Islamic Market Titans 100. http://www.kippreport.com/2010/02/plus-ca-exchange/
From time to time, readers will email us asking for a list of Shariah-Compliant companies. A complete version of such a list is extremely difficult to come by. Some of the better sources for such a listing would be the annual and semi-annual reports of the various Shariah-Compliant investment funds. These reports usually include portfolio […]
Moves to plug the gap in Islamic finance carry risks
The Financial Times has published an article detailing some of the risks involved in Shariah-Compliant Finance. For instance, a new term has been developed for the financial world: “Shariah risk.” Shariah risk is the risk that a product that was previously believed to be shariah-compliant could be declared “un-Islamic” by a prominent shariah scholar. Basically, […]
We wonder if anyone at Dow Jones even knows what Shariah is… “Dow Jones has launched a new Islamic index, which has been simultaneously licensed to an exchange-traded fund (ETF) provider in the US. The Dow Jones Islamic Market International Titans 100 Index will track 100 companies outside the US which have passed sharia screening […]
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