Islamic finance for big and small

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Islamicdome Reuters reports on a burgeoning interest from bankers to provide Islamic microfinance to the millions without adequate access to money. Out of 1.2 billion Muslims around the world, over 400 million are poor.

The well-to-do have also something to celebrate – a new platform for Islamic hedge funds. Though Shariah law prohibits charging interest, trading debt, short-selling or speculation – the bread and butter of a typical hedge fund - Shariah Capital together with Barclays Capital created an alternative which uses equity long-short and market-neutral strategies acceptable to observant Muslims.

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