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Understanding Shariah finance and Islamic banking in American finance

URL: http://www.jewishjournal.com/world/article/understanding_shariah_finance_and_islamic_banking_in_american_finance_20110

The Middle East, with its exotic tropical sirocco winds, is also now the haven and leader of a new form of finance that is enticing the world with the alluring scent of its petrodollars. Substantial profits are to be made, and gold plated Bentleys, mansions on the Palm Jumerah Island, and golf courses designed by Tiger Woods only add to the mystique behind the veils. However, more than Dubailand and dreams of riches lurk behind the Islamic ideologues who invented the concept of Islamic Finance, and they are ones who are promoting this form of "interest-free, Muslim friendly, ethical investment" worldwide.

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