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Middle EastMay 1 2006

Islamic journey

Farhan Bokhari reports on the push for the expansion of shariah-compliant Arab Islamic money outside the Middle Eastern region.
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A global oil price boom in the past two years that has armed some of the Arab world’s most affluent investors with extra cash now presents them with the challenge of putting their cash in a variety of investments ranging from bank deposits to equities.

Not far behind the decisions from mainstream investors lie the demands of the Arab world’s Islamic investors. Such investors primarily include devout Muslims who eagerly seek to invest in ways that are compliant with norms established by shariah (Islamic jurisprudence).

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