Provides background on Islamic finance, based on principles of shariah, or "Islamic law," that includes a ban on interest and uncertainty, adherence to risksharing and profit-sharing, promotion of ethical investments that enhance society, and asset-backing. Reviews regulation of Islamic finance; addresses trends in Islamic finance, in light of global financial crisis, geographic expansion, and development of Islamic financial products; and discusses trends in Islamic capital market securities or bonds known as Sukuk. Examines Islamic finance in the U.S. and U.S. policy interests.
ProQuest U.S. Congressional Research Digital Collection
Note
Record is based on bibliographic data in ProQuest U.S. Congressional Research Digital Collection (last viewed Sept. 2012). Reuse except for individual research requires license from ProQuest, LLC. CRS Report. AVAILABLE ONLINE TO AUTHORIZED PSU USERS.