An article in Fort Wayne Journal Gazette on Islamic.
The article mentions Caribou Coffee, and how they vowed not to sell pork or porn, nor receive or give interest.
It also mentions that a growing number of Western businesses are adjusting to be more attractive to Muslim investors. Financial institutions who do not have Islamically acceptable products and services risk losing market share.
Read the entire article here:
The Houston Chronicle has an article on how Islamic Finance is growing the West.
The article mentions several examples, including Caribou Coffee, Saturna Islamic mutual funds, and the Dow Jones Islamic Index.
Read the full article.
Although the majority of Muslims in the USA purchase homes using conventional mortgages, a sizable portion chose to use modes that are more consistent with Islamic beliefs and practices.
This Newsday article discusses the topic of Islamic alternatives to mortgages, such as murabaha or "cost-plus", and banks offering them in the USA, such as HSBC Bank USA and Devon Bank.
A fairly lengthy article in the AJC covers Sharia compliant investment, and how Arcapita of Bahrain is financing Islamically acceptable companies.
Our web site, Muslim-Investor.com, is mentioned in an article: Muslim Investors tread carefully: Islamic values and capitalism find common ground despite restrictions, in Canada's Globe and Mail.
An article in the Northwest Indiana Times on how Islamic financing is on the rise in the USA.
The Dow Jones Market Indices have a new addition: the Dow Jones Islamic Markets China Offshore.
This is and addition to the already existing set of Dow Jones Islamic Markets which has existed since 1999.
Read more about the Dow Jones Islamic Markets China Offshore, as well as the Dow Jones Islamic Markets in general.
An academic study in the USA has found that orthodox Muslim scholars are an egalitarian force of economic reforms. While traditionally conservative in certain issues, they are liberal on economic ones.
Read a brief of the study at the Indiana University web site.
Jui Chakravorty writes for Reuters on how U.S. Muslims view conventional mortgages, and how several financing institutions cater for Muslim needs in home buying.
The article mentions University Bancorp, Dow Jones Islamic Index and Lariba, all of whom offer services in this sector.
Read the full Reuters article.
In a lengthy article in the Stamford Advocate, Julie Fishman Lapin writes about Islamic Investment and Hedge Funds.
No doubt that the size of the Islamic Investment market is the main driver for Western financial services providers to bother with establishing operations and gaining clients in the Middle East.
