April 4, 2007

Johnnie Blogging

A friend of mine from college, Aaron MacLean, has an article in the American, a kind of Yankee version of the Economist, about the Islamic finance movement, which tries to provide investment opportunities to the Muslim world without charging interest, something forbidden in the Qur'an. As it turns out, sharia-compliant lending can do just as well as Western-style lending -- so long as the former functions just like the latter.

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