Wednesday, April 4, 2007

When a loan isn't a loan

There's an interesting article in today's Wall Street Journal about financial products that comply with Quranic prohibitions on interest while still offering a competitive rate of return. The interesting part is that Malaysia is leading the way. Malaysia's financial sector has historically been dominated by ethnic Chinese, and the new financial products are seen as a way to help promote entrepreneurship among the country's Muslim majority.

(Sorry, available to Journal subscribers only.)

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