One U.S. based law firm, King and Spalding has some experience in setting Islamic Investment Funds to comply with the U.S. law. The details can be found their Investment Fund practice. This may be of importance to companies or institutional investors setting up a subsidiary (or a complete operation) in the U.S.

List of older events.

12 - 13 March 2002 - Second International Islamic Banking and Finance Conference

on Securitisation and Capital Markets : Challenges and Opportunities for Islamic Financial Institutions.
Phoenicia InterContinental Hotel, Beirut, Lebanon
Tel:+973-244496
Fax:+973-250194
Web: www.aaoifi.com

Not all stocks available confirm to Islamic principles. Therefore, a Muslim investor is faced with the dilemma of selecting stocks fromthe thousands of available companies.

Regular research available on the web does not address this aspect, at least up till now.

We are currently planning to have a section on this web site to help Muslims decide whether they should invest in a certain stock or not, and other Muslims would also contribute their findings, so everyone would benefit from the combined research of the whole community.

Here is a long list of web sites that would help you with information, products and services in Islamic Banking, Finance, Investment, and Insurance.

• Islamic-Banks-Mortgages.com
  This is a UK based site with lots of useful information on Islamic banking, finance and mortgage.
• Islamice Finance
  A comprehensive site from Germany with a lot of information on web sites, institutions, regulations, and much more. Highly recommended!
• Islamic Development Bank - IDB
  This is a bank formed by the Organization of Islamic Conference - OIC, and does financing for development projects, but on the level of countries and governments, not for individuals or companies.
• Islamic Research and Training Institute (IRTI)
  A member of the Islamic Development Bank Group focusing on Research and Training in Islamic Finance and other areas.
• Al Barakah based in Saudi Arabia, and operates several worldwide subsidiaries.
• The Muslim Student Association has a list of Islamic Financial Institutions covering mainly North America (USA and Canada).
• The National Commercial Bank in Saudi Arabia has some Islamic Financial Products. The site also offers some useful explanations on Commercial Islamic Terms (such as Ijara, Istisnaa, Murabaha, Musharakah, ...etc.
• Islamic-Finance.com Web Site.
  This site has a list of several Islamic Institutions. It also has a concise, and fairly complete, overview of types of Contracts (Transactions) in Islam.
• Islamic Banking Software Project has a demo of online banking software.
• Takaful USA
  Provides Takaful based Sharia compliant insurance.
• Amana Takaful
  Based in Sri Lanka provides Takaful based Sharia compliant insurance.
• Cupola
  Based in Switzerland, they advertise an Islamic Investment on their web site. They seem to be geared more towards high networth individuals, since they list among their services:
  • Islamic portfolio planning
  • Saudi and GCC private investment analysis
• MSI Financial
  Loans, Mortgage and more...
• An-Nur Cooperative Corporation Ltd.
  An interest free, Riba-free investment cooperative in Toronto, Canada. They intend to provide RESP and RRSP in the future.
  Suite #209, 100 Mclevin Ave.
  Scarborough, Toronto, Canada, M1B-5K1.
  Phone: 416-754-4135, Fax: 416-754-0838
• No Riba Homes
  Loans, Mortgage and more...
• American Finance House, also known as LARIBA.
• Lariba.ca offers RRSPs, house financing and loans.
• AMIN - American Muslim Investors Network
• Ansar Finance
  Based in Manchester, U.K. provides loans, mortgage, and investment.
• Islamic Investment Banking Unit - IIBU
  Based in the United Kingdom. Their Sharia Advisory Board is composed of two well-respected and famous scholars, namely: Muhammed Taqi Usmani and Nizam M.S. Yaquby, both are on the Dow Jones Islamic Index Sharia Advisory Board. Their products are classified into two main areas:

  Products for U.K. Residents:

Currency Conversion and Exchange Rates

• Currency Converter
  Can do normal conversions, as well as backdated conversion (Exchange Rates at a previous date, all they way back to 1 January 1990!). It also has lots of options for currency caluclations.
• Universal Currency Converter
  Another straight forward currency converter.

Other / Miscellaneous

• 2BITS Home

The following list contains sites that provide reference materialon Islam.

• Islam-Online.Net
  General information site on Islam, in several languages.
• IslamWeb
  Sponsored by the Government of Qatar. Offers a lot of information on Islam, including the Quran and Hadith, as well as an extensive library (although hard to navigate a book there). The Hadith is in Arabic and English (sub set only). The Arabic Hadith includes the "Six books" and other Sunnah compendiums, and is in searchable format.
• Al-Islam.com

Research articles.

Resources on Education, curricula, ...etc.

The following question and answer by Sheikh Yusuf Talal DeLorenzo attendees of the Dow Jones University Courses on Islamic Investement.

Question:: Is there any restriction in the extent of profits we can take from our customers in halal business transactions in order not to violate Islamic law? I heard it must be less than 30%, is it true? what is the reason?

The following question and answer by Sheikh Yusuf Talal DeLorenzo attendees of the Dow Jones University Courses on Islamic Investement.

Question:: One of my friend bought 500 stocks for Vrio company for 35 dollars each stock share and the next day some Japanese company bought this Vrio company and the stock price shot up to 65 dollars and he decided to sell it. Is this allowed or not allowed according to Sharia'h? Please email the answer.