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Sharia finance

Islamic Finance's 'Scholar Problem': Why Are Shariah Scholars Paid So Much?

By Sophie McBain | Spear's | 13 May 2013

Dollars for Scholars 

Islamic finance could be a fruitful, thoughtful and even moral alternative to Western banking, says Sophie McBain — if it can overcome its scholar problem.

 

Dubai aims to be hub of Islamic economy

By Mustafa Alrawi / 14 Jan 2013

Dubai officials yesterday unveiled its Ruler’s vision for the emirate to become the “global capital” of the Islamic economy, as it looks to boost exposure to an industry valued at trillions of dollars and further diversify its economic base.

The wide-ranging initiative will include a Sharia council to oversee standards in Islamic finance, an arbitration centre to resolve disputes in Islamic contracts, and a drive to boost production of halal food within Dubai.

 

Bankruptcy of Canadian Islamic home lender may hurt Sharia finance

By Shaheen Pasha and Cameron French
Source: Reuters/Dec. 6/2011

The insolvency of an Islamic mortgage lender in Canada may hinder the growth of sharia-compliant finance in North America, where the industry has struggled to gain traction in the absence of a supportive regulatory framework.

 
 

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